Downing Acquires Two Ready-to-Build Solar Projects of ~35 MWp in Devon and Shropshire, UK
Downing has acquired two fully consented, ready-to-build solar PV projects in Devon (~15 MWp) and Shropshire (~20 MWp), UK. Both projects benefit from 40-year land leases, 15-year Contracts-for-Difference (CfDs), and are scheduled to commission in 2027. Once operational, the combined ~35 MWp portfolio is expected to power approximately 12,000 homes and offset around 14,600 tonnes of CO₂ annually.
Transaction date: · Source: institutional.downing.co.uk
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 35 MW
- Transaction price
- Not disclosed
- Buyer
- Downing
- Country
- United Kingdom
- Region
- Devon, Shropshire
- Location
- Devon and Shropshire, England
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- Yes
Technology details
Two fully consented ground-mounted solar PV projects: approximately 15 MWp in Devon and approximately 20 MWp in Shropshire. Both benefit from 40-year land leases and commissioning scheduled for 2027. Both projects secured 15-year Contracts-for-Difference (CfDs).
Power purchase agreement (PPA)
Both projects benefit from 15-year Contracts-for-Difference (CfDs) with the Low Carbon Contracts Company (LCCC), providing a guaranteed and inflation-linked price for energy generated.
Additional information
Once operational, the projects are expected to offset approximately 14,600 tonnes of CO₂ annually and power approximately 12,000 UK homes per year.
Source
Original announcement: https://institutional.downing.co.uk/insights/downing-grows-uk-solar-portfolio-through-ready-to-build-projects