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Innova acquires solar site from Industria Brand Energy

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Energy Global,

On 28th February, Innova acquired Bedworth Solar, a 21.6 MWp renewable energy site, from Industria Brand Energy (IBE).

The site, located a short distance away from Innova’s solar project at Tolldish Hall Farm, is fully consented and ready to be built. Innova will take Bedworth Solar through the construction phase, with an expected commercial operation date in 2025.

While Innova’s more recent focus has been on the development of its DNO pipeline and the sale of its sites through joint ventures, such as ISG Renewables with Schroders Greencoat, mergers and acquisitions also play a pivotal role in enhancing Innova’s current portfolio. The recent acquisition of Bedworth Solar demonstrates Innova’s continuous advancement within the renewables space.

Daniel Mushin, Managing Director, Corporate Finance at Innova, said: “We are delighted to have worked with Industria Brand Energy on the acquisition of Bedworth Solar. We look forward to growing this relationship further as we look into future opportunities together. This acquisition, alongside other identified opportunities, further strengthens our 2 GW DNO pipeline as we strive to help the UK meet its Net Zero targets.”



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The Winter 2023 issue of Energy Global hosts an array of technical articles weather analysis, geothermal solutions, energy storage technology, and more. This issue also features a regional report looking at the future of renewables in North America, and a report from Théodore Reed-Martin, Editorial Assistant, Energy Global, on how Iceland utilises its unique geology for renewable energy.

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