Renewable Connections, one of the UK’s leading solar and battery developers, and experienced project partner European Energy UK, are celebrating the successful sale of sale of two “shovel-ready” co-located solar and battery storage projects based in Scotland, one at Strathruddie Farm and one at Montreathmont Moor, with an aggregate combined capacity of 121MWdc (67MWac).
The buyer of the two projects, EVC Kilt Limited, is part of EVC Energy, a renewable energy development platform focused on developing and constructing solar PV and BESS projects in Greece and the UK with a current pipeline of 1.5GW. EVC Energy is a joint venture between Elmya Energy and Valpre Capital that was launched in 2021.
Both projects, which have been developed by Renewable Connections in partnership with European Energy UK, were consented in 2022. Once built the projects will generate enough clean green energy combined, to power around 19,000 homes.
Michael Hughes, Director at Renewable Connections said: “Working closely with European Energy UK we have built an outstanding record of developing and achieving consent for our renewable energy projects. We deliver highly innovative developments and take a responsible, community-led approach to planning and design. As well achieving an outstanding record of project consents to date, it also means we deliver projects which appeal to investors such as EVC Energy and our existing co-development project partners. We are delighted to have closed this deal which marks another exciting chapter for Renewable Connections and its future.”
Adam Spearey, Director at European Energy UK said: “It is pleasing to see investor interest in these projects. The joint decision to sell them was in part driven by the unprecedented success Renewable Connections has achieved in consenting solar and storage projects over the last 12 months, with over 500MW of projects consented under our prosperous partnership to date.”
The deal was supported by legal advisors Burges Salmon for Renewable Connections and European Energy UK and Foot Anstey on behalf of EVC Energy.
Renewable Connections was established in 2020 by sustainable energy investment specialist, Armstrong Capital Management. To date Renewable Connections has achieved 16 consecutive project consents for solar and battery storage projects equating to more than half a gigawatt, across the UK. In 2022 the company was announced as the sole development partner for Hygen Energy a joint venture between clean energy pioneer Jo Bamford, and Armstrong Capital Management. Hygen will build, own and operate commercial scale hydrogen production facilities across the UK to help the UK match its net zero ambitions.
For more information go to: www.renewableconnections.co.uk