Foresight Group and Island Green Power (GP) have formed a partnership to develop a pipeline of greenfield solar projects across the UK.
The companies have formed the joint venture to develop five projects in England and Wales, with close to 700MW total generating capacity, a venture which supports UK transition to a zero-carbon economy by 2050.
This agreement with Island GP is the second JV Foresight has entered into in as many months, following the announcement in September with Elgin Energy to develop 200MW of solar PV assets across the UK.
Peter Bolton, director, Foresight said opportunities for asset optimisation and a continual reduction in capital costs will make unsubsidised UK solar investment increasingly attractive.
鈥淚sland GP has a strong track record of solar development and continues to develop a high-quality pipeline of new sites.
鈥淭he joint venture鈥檚 five projects will help increase the UK鈥檚 proportion of generating capacity from renewable energy sources, as is required by the government鈥檚 net-zero targets.鈥�
Ian Lawrie, director of Island GP UK, said: 鈥淗aving successfully developed in excess of 1GW of solar projects in Australia, UK, Ireland and Spain we are delighted to have formed a joint venture with Foresight that allows us to accelerate our development efforts in the UK.鈥�
To read the digital edition of the latest 91传媒在线 magazine click .
