Quinbrook Infrastructure Partners has introduced two long-term agreements overlaying 100% of the solar energy era at Cleve Hill Solar Park. British grocery store retailer Tesco signed a 15-year deal overlaying 65% of the era and Shell will handle the remaining capability beneath a 10-year deal-to-market deal.


Image: Andreas Gücklhorn, Unsplash

Tesco Stores Limited and Shell Energy Europe Limited have signed main offtake agreements with Cleve Hill Solar Park, a 373 MW photo voltaic and 150 MW battery storage challenge being inbuilt Kent, England. The 15-year energy buy settlement (PPA) with grocery retailer Tesco is the biggest photo voltaic company PPA executed within the United Kingdom so far, based on challenge proprietor Quinbrook.

The Shell deal features a ten-year route-to-market settlement that may see the worldwide power large handle 100% of the capability acquired for Cleve Hill beneath a 15-year Contract for Difference (CfD) public sale in 2022. CfDs have been a key a part of the UK’s renewable power technique because the first spherical of allocations opened in 2014. The two offtake agreements present long-term index-linked returns for at Cleve Hill.

Cleve Hill Solar Park is the primary utility-scale photo voltaic challenge within the United Kingdom to acquire a improvement consent order (DCO) from central authorities. The challenge has been green-lit by the UK authorities in 2020. Quinbrook acquired the challenge, which was initially conceived as a three way partnership between Wirsol and Hive Energy, in 2021. Commissioning at Cleve Hill is scheduled in early 2025.

In a press release, Keith Gains, managing director and UK regional lead for Quinbrook, mentioned the agreements with Tesco and Shell “characterize a big milestone within the supply of long-term inflation linked revenues for our prospects buyers,” in addition to supporting new building and jobs.

“Cleve Hill has set new benchmarks for photo voltaic within the UK and helps Quinbrook proceed its efforts to assist the UK’s decarbonisation objectives and power independence by way of large-scale photo voltaic and battery tasks,” he mentioned.

Ken Murphy, Tesco group chief govt, mentioned Cleve Hill has the flexibility to generate as much as 10% of the retailer’s UK electrical energy wants. Tesco is the biggest grocery retailer in Great Britain.

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