Quinbrook Secures Tesco and Shell Offtake Agreements for UK's Largest Solar + Battery Storage Project
Quinbrook Secures Tesco and Shell Offtake Agreements for UK's Largest Solar + Battery Storage Project
10/16/24, 5:29 AM
Location
londonIndustry
energy
sustainability
Type
agreement
Quinbrook has announced two long-term offtake agreements with Tesco and Shell, covering 100% of the solar power generation from the Cleve Hill Solar Park, the largest project of its kind to be constructed in the UK. These agreements aim to deliver long-term revenues for investors, support new construction, and jobs while contributing to the UK's decarbonisation goals.
Company Info
Location
london, england, united kingdom
Additional Info
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition in the UK, US, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c. USD 6.9 billion of equity capital in 40 GW of energy infrastructure assets representing a total transaction value of USD 29.8 billion. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the UK, US, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects in the UK, US, and Australia.