Amberside Energy and Copenhagen Infrastructure Partners Partner to Develop 2GW Solar and Battery Projects in the UK

• Amberside Energy and Copenhagen Infrastructure Partners (CIP) have partnered to develop 2GW of solar and battery storage projects in the UK, with the ambition of creating a portfolio of scale that will have projects in operation, in construction, and under development.

What happened? 

Amberside Energy and Copenhagen Infrastructure Partners (CIP) have announced a partnership to develop 2GW of solar and battery storage projects in the UK. Under the terms of the partnership, CIP’s Flagship Funds will provide the capital for project development, with the ambition of creating a portfolio of scale that will have projects in operation, in construction, and under development. Amberside Energy will lead origination and development activities for the solar and battery storage projects, while CIP will contribute its expertise in procurement, structuring, and financing renewable energy projects. 

Why does it matter? 

This partnership is a major step forward in the UK's energy transition to 'net zero' greenhouse gas emissions by 2050. Solar and battery storage have become increasingly competitive in recent years, and are now some of the most cost-efficient technologies, contributing to enhancing grid flexibility, resilience, and increasing the overall security of supply. The partnership between Amberside Energy and CIP will help to accelerate the energy transition in the UK at scale, with the first projects expected to be ready to begin construction in the next two years. 

What's next? 

The partnership between Amberside Energy and CIP is expected to deliver significant benefits to the communities who host the projects, as well as generating sustainable green power for many years ahead. The partnership will also help to further the UK's ambition to become a leader in renewable energy, with the government having recently announced plans to quadruple the country's offshore wind capacity by 2030. With the partnership in place, Amberside Energy and CIP are well-positioned to help the UK meet its renewable energy goals.