UK Power Networks Services build renewables portfolio

The deal with SEEIT sees UK Power Networks Services taking ownership of 70 solar, wind, and hydro energy plants, generating 68.7 MW of electricity for United Utilities Water (UUW). The portfolio is underpinned by a long-term power purchase agreement with UUW.

UK Power Networks Services has a long history of managing large asset portfolios for clients with critical national infrastructure and this investment will represent another strategic addition to its broad portfolio.

“Our vision is to deliver sustainable, reliable energy and we see this renewables portfolio as a natural fit. Our long-term objective is to grow our technology and geographic footprint in the renewables sector,” said Director of UK Power Networks Services David Mitchell. “We have been building our capacity in this sector in recent years and recently delivered one of the largest solar car ports in the UK. This acquisition has been carefully negotiated to achieve a good price and is another example of us investing in large portfolios of key renewable UK assets.”

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Spring 2024 issue

The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.

Read the article online at: https://www.energyglobal.com/other-renewables/07052024/uk-power-networks-services-build-renewables-portfolio/