Innova Sells 25-MWp Solar Project to ISG Renewables

• Innova boosts UK green energy with Tolldish Hall Solar Farm sale to ISG Renewables, enhancing joint capacity to 141.3 MW. Operational by 2026.

Innova, a British renewable energy firm, has sold its 25-MWp Tolldish Hall Solar Farm project to ISG Renewables, a joint venture with Schroders Greencoat. The solar farm, located near Coventry, England, will be constructed and managed by Innova. Although the financial details of the sale were not disclosed, the project is expected to be operational by the first quarter of 2026. It secured a Contract for Difference (CfD) in the UK government's allocation round 6 in September 2024.

This sale marks Innova's sixth project sold to Schroders Greencoat, increasing their joint investment capacity to over 141.3 MW. The transaction follows a previous sale of the 27.5-MWp Ducklington Solar project in Oxfordshire. The Tolldish Hall Solar Farm received planning consent in the summer of 2023, further solidifying Innova's role in expanding renewable energy infrastructure in the UK.

What impact will the Tolldish Hall Solar Farm have on UK renewable energy capacity?

• The Tolldish Hall Solar Farm will add 25 MW of renewable energy capacity to the UK's grid, contributing to the country's overall renewable energy targets.
  
• It will help the UK move closer to its goal of achieving net-zero carbon emissions by 2050 by increasing the share of clean energy in the national energy mix.
  
• The project will support the UK's commitment to expanding solar energy, which is a key component of the government's strategy to diversify energy sources and reduce reliance on fossil fuels.
  
• By securing a Contract for Difference (CfD), the project ensures stable revenue and encourages further investment in renewable energy infrastructure.
  
• The addition of Tolldish Hall Solar Farm will enhance energy security by providing a reliable and sustainable source of electricity.
  
• It will create jobs during the construction and operational phases, contributing to local economic growth and development.
  
• The project will serve as a model for future solar developments, showcasing the potential for large-scale solar farms to integrate into the UK's energy landscape.
• The collaboration between Innova and Schroders Greencoat highlights the importance of partnerships in scaling up renewable energy projects and attracting investment.