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Downing Renewable Developments, a subsidiary of investment manager Downing, has been awarded planning consent for a 49.9 MW solar farm, part of its 6GW pipeline of development projects across the UK.
It has received the go-ahead for the Meerdyke Solar Farm near Marshland St James in Norfolk, which will produce enough renewable energy to power up to 12,000 homes annually and will deliver significant biodiversity enhancements across 54 hectares of the site with a Biodiversity Net Gain of 176%.
Downing is committed to making a positive contribution in the local area including providing free domestic solar installations each year to local residents, with initial installations focussed on those with the greatest need.
Tom Williams, Partner and Head of Energy and Infrastructure at Downing said: “Downing Renewable Developments is an important part of our business and we are delighted with their latest success.
With more than 25 sites at different stages of development requiring in excess of £4 billion of capital over the next ten years, we are excited to offer our investors the opportunity to join us in making a meaningful contribution to the UK’s transition to net zero.”
Tony Gannon, Head of Downing Renewable Developments, added: “Receiving this planning consent is a major milestone for us, but more importantly this project will contribute to reaching UK net zero targets and offer significant benefits to the local area including contributing to alleviating energy poverty with our long term free domestic solar installation programme.”
Learn more about Downing Renewable Developments.
Downing has more than 60 professionals dedicated to renewable energy and infrastructure and a proven track record in renewables. Since 2010, Downing has made over 190 investments in the core renewables space.
Learn more about Energy & Infrastructure at Downing.
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Jean Birrell, Downing
0203 824 6987
If you are a financial adviser, or discretionary fund manager call 020 7630 3319 or email us at sales@downing.co.uk
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