L&G NTR Clean Power Fund Acquires 75.4 MWp Solar and 49.9 MW BESS Fair Oaks Project in Nottinghamshire
The L&G NTR Clean Power (Europe) Fund III has acquired the Fair Oaks Renewable Energy Park in Nottinghamshire, England from Ridge Clean Energy. The ready-to-build project comprises 75.4 MWp of solar PV and a 49.9 MW / 99.8 MWh BESS, backed by a CfD. Construction is expected to begin in 2026 with commercial operations targeted for early 2028.
Transaction date: · Source: ntrplc.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 75 MW
- Transaction price
- Not disclosed
- Buyer
- L&G NTR Clean Power
- Seller
- Ridge Clean Energy Ltd
- Country
- United Kingdom
- Region
- Nottinghamshire
- Location
- Nottinghamshire, England
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- Yes
Technology details
75.4 MWp solar PV combined with a 49.9 MW / 99.8 MWh battery energy storage system (BESS). Grid connection offer and planning consent in place. Construction expected to commence in 2026 with commercial operations targeted for early 2028. Ridge Clean Energy will collaborate with the Fund to deliver the project.
Power purchase agreement (PPA)
Project secured a Contract for Difference (CfD) providing long-term revenue certainty.
Additional information
Project secured a Contract for Difference (CfD), providing long-term revenue certainty. This is the Fund's second UK investment, following existing offshore wind exposure. NTR acted as transaction manager on behalf of the Fund. Pinsent Masons acted as legal advisor to NTR; Natural Power provided technical advice. PKF Francis Clark and TLT advised Ridge on the transaction. Ridge will continue to collaborate with the Fund on a community-led approach to development.
Source
Original announcement: https://www.ntrplc.com/articles/lg-ntr-clean-power-europe-fund-secures-solar-and-battery-project-in-nottinghamshire-england/