{"id":404033,"date":"2024-08-28T07:19:52","date_gmt":"2024-08-28T07:19:52","guid":{"rendered":"https:\/\/sandbox.lightsourcebp.com\/?p=404033"},"modified":"2024-11-21T08:42:58","modified_gmt":"2024-11-21T08:42:58","slug":"largest-uk-solar-farm-and-first-energy-storage-project-completed-and-sold-to-schroders-greencoat","status":"publish","type":"post","link":"https:\/\/sandbox.lightsourcebp.com\/uk\/news\/largest-uk-solar-farm-and-first-energy-storage-project-completed-and-sold-to-schroders-greencoat\/","title":{"rendered":"Largest UK solar farm and first energy storage project completed and sold to Schroders Greencoat"},"content":{"rendered":"
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Largest UK solar farm and first energy storage project completed and sold to Schroders Greencoat <\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Lightsource bp, a global leader in the development and operation of solar energy projects, has today announced the completion of its largest UK solar project to date. Completion was followed by the sale of the solar farm and co-located energy storage project to specialist renewable investment manager Schroders Greencoat. Lightsource bp will provide asset management and Operations and Maintenance (O&M) services for the solar project via its in-house O&M team.<\/p>\n

The sale of this project forms part of Lightsource bp\u2019s long-term growth strategy and core strength as a global leader in solar development and power marketing. This approach enables the company to continue growing at pace and scale, further expanding its investment profile across a greater number of projects. It also demonstrates Lightsource bp\u2019s commitment to forming long-term partnerships with asset owners, providing O&M and asset management services, demonstrating how renewable energy partnerships between developers, investors and corporations can play a vital role in progressing the energy transition.<\/p>\n

Tiln Farm<\/a> is a 49.9MWac solar project near Retford in Nottinghamshire and, now complete, is providing power to leading building products manufacturer Forterra via a long-term Power Purchase Agreement (PPA)<\/a>. The signing of the PPA with Forterra in 2022 heralded the company taking significant steps to a sustainable future. Tiln Farm solar will provide the Northampton-headquartered brick, block, and concrete producer with around 70 percent of its electricity needs, in a sector-leading investment that will provide renewable energy to Forterra\u2019s 17 sites for 15 years.<\/p>\n

Construction on the project began in 2022<\/a>, on what is the first Lightsource bp project globally to be co-located with energy storage<\/a>, with a 25MW\/50MWh (two-hour duration) battery also now operational onsite.<\/p>\n

Declan Keiley, Head of Business Development for the UK and Ireland at Lightsource bp, said: \u201cWe\u2019re proud to have completed our first co-located energy storage project and largest solar project in the UK to date. The Tiln Farm project is a milestone for the company in many ways, and the ongoing partnership with Schroders Greencoat, as the project\u2019s new owner, underscores Lightsource bp\u2019s strong credentials as a trusted development partner.\u201d<\/p>\n

Matt Tingle, Investment Director at Schroders Greencoat, said: \u201cWe’re proud to continue to lead in renewable infrastructure with this investment. Co-located assets like this have an important role to play in balancing intermittent renewable energy generation, as well as delivering vital grid stability services. Sharing the same grid connection also helps to optimise increasingly scarce grid capacity as the UK transitions towards net zero.<\/p>\n

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. It will play an important part in meeting our investment objectives, helping to deliver long-term inflation-linked cashflows to our investors.\u201d<\/p>\n

The completion and sale of this project is a significant success for Lightsource bp in the UK, demonstrating its commitment to the market and to meeting the country\u2019s targets for renewables in the energy mix. The company has been active in the UK since 2010 and is responsible for around 20 percent of the developed solar in the country, with a significant pipeline of solar and storage still to come.<\/p>\n

Lightsource bp was advised by TLT and JLL throughout the process, and Schroders Greencoat was advised by Norton Rose Fulbright and Everoze. <\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Read more Lightsource bp news<\/h3>\n <\/div>\n <\/div>\n
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13 Feb, 2026<\/p>\n \n

Hett Moor Solar Farm awarded a contract in UK AR7 renewables auction<\/h5>\n <\/a>\n

Lightsource bp has been awarded a Contract for Difference (CfD) for Hett Moor Solar Farm in the UK Government\u2019s latest renewables auction, AR7.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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26 Jan, 2026<\/p>\n \n

Farming and energy – working side by side<\/h5>\n <\/a>\n

Sheep grazing on solar farms combines agriculture with solar electricity generation, enabling livestock to graze and crops to grow alongside and beneath solar panels.<\/p>\n

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21 Jan, 2026<\/p>\n \n

Exploring cutting-edge AgriPV innovations during site visits in Austria<\/h5>\n <\/a>\n

Deepening our understanding of how solar energy and agriculture can sustainably coexist at scale by learning from pioneering projects across Austria.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n <\/div>\n <\/div>\n\n

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