Schroders Greencoat, a specialist renewables manager under Schroders Capital, has completed the acquisition of a solar energy project in Nottinghamshire from Lightsource bp. The project, located at Tiln Farm near Retford, includes a 49.9MWac solar plant co-located with a 25MW/50MWh energy storage facility.

The acquisition follows Lightsource bp’s finalisation of the project’s construction, with the facility now fully operational. The plant is set to meet approximately 70% of the energy needs of Forterra, a UK-based building materials manufacturer, under a 15-year power purchase agreement (PPA).

Declan Keiley, Head of Business Development for the UK and Ireland at Lightsource bp, commented: “We’re proud to have completed our first co-located energy storage project and largest solar project in the UK to date.” Keiley emphasised that the ongoing partnership with Schroders Greencoat highlights Lightsource bp’s reputation as a reliable development partner.

Matt Tingle, Investment Director at Schroders Greencoat, said, “As the largest manager of operating ground mount solar farms in the UK, with around 1.9 GWp of solar assets under our management, this acquisition adds to our diverse UK portfolio.” The deal aligns with the firm’s goal to secure long-term inflation-linked cashflows for its investors.

The project could be mentioned at upcoming investment networking events in Nottinghamshire, where local professionals may explore opportunities for further solar energy ventures. Additionally, this sale highlights how infrastructure investment events in the UK often bring attention to projects that blend renewable energy and storage solutions.

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