Innova acquires 27MW UK solar site for growth

Mar 1, 2024 05:54 PM ET

• Innova acquires 27MW Bedworth Solar project in England, boosting their 2GW DNO pipeline and commitment to UK’s net zero targets. Exciting times ahead!

UK renewables developer Innova has acquired the 27MW Bedworth Solar project in England from Industria Brand Energy (IBE). The Midlands-based project is fully consented and ready to be built, located near Innova’s PV scheme at Tolldish Hall Farm in Coventry. Innova plans to take Bedworth Solar through the construction phase, with commercial operation expected in 2025.

Managing director of corporate finance at Innova, Daniel Mushin, expressed excitement about the acquisition and the opportunity to work with Industria Brand Energy. The acquisition of Bedworth Solar, along with other identified opportunities, strengthens Innova’s 2GW DNO pipeline as they aim to help the UK meet its net zero targets. IBE is also developing a pipeline of over 1.5GW in the UK at various stages of development.

What is the significance of Innova’s acquisition of Bedworth Solar project in UK?

• The acquisition of the 27MW Bedworth Solar project in England by Innova is significant as it adds to their existing portfolio of renewable energy projects in the UK.
• The project is fully consented and ready to be built, which means that Innova can move quickly through the construction phase and have the project operational by 2025.
• Innova’s acquisition of Bedworth Solar strengthens their 2GW DNO pipeline, which will help the UK in meeting its net zero targets.
• This acquisition also signifies a collaboration between Innova and Industria Brand Energy, showcasing the importance of partnerships in the renewable energy sector.
• Industria Brand Energy is developing a pipeline of over 1.5GW in the UK, indicating a growing interest and investment in renewable energy projects in the country.