International energy transition investment manager Quinbrook Infrastructure Partners has announced two long-term agreements with Tesco and Shell for its Cleve Hill Solar Park – the largest solar and battery storage project built in the UK.
The 373MW solar and 150MW battery storage facility, set to begin operations in early 2025, is a key part of the UK’s energy transition.
Keith Gains, Managing Director at Quinbrook, highlighted the significance of these agreements, stating:
“The offtake agreements secured with Tesco and Shell are a testament to this landmark renewables project for the UK and represent a significant milestone in delivering long-term inflation-linked revenues for our investors, supporting new construction and jobs.”
Tesco has signed a 15-year Power Purchase Agreement (PPA) for 65% of the solar energy generated, the largest solar corporate PPA in the UK to date.
Shell has secured a ten-year Route to Market agreement, managing the remaining 35% of solar capacity covered under a 15-year Contract for Difference (CfD) awarded in 2022.
Ken Murphy, Tesco Group CEO, commented, “Cleve Hill solar park, with its ability to generate up to 10% of our UK electricity demand, is a key part of our renewable energy strategy and commitment to tackling climate change.”
Rupen Tanna of Shell Energy Europe added, “Combined solar and battery storage projects like Cleve Hill are vital in driving the UK’s transition to a flexible and low-carbon energy future.”
Cleve Hill is expected to generate enough power to meet the needs of 102,000 homes and reduce carbon emissions by 142,000 tonnes per annum, while delivering significant biodiversity gains and economic benefits to the local Kent area.
