Shell confirms plans to purchase a 100MW portfolio of new build solar capacity in the UK from Anesco – EQ Mag Pro
Shell is in the process of purchasing four solar farm projects currently being developed by Anesco, to help meet growing demand for renewable power in the UK.
Shell is working towards the purchase of four solar farm projects with a total capacity of 100MW, currently being developed by Anesco. Located in North Wales, Chester, South Northamptonshire and North Lincolnshire, the sites have been developed by Anesco over the past 18 months and are currently in the final stages of planning. Renewable power generated from these projects will be supplied to UK customers through power purchase agreements (PPA).
The agreement builds on a long-standing relationship between the two companies. They have successfully collaborated on a battery storage plant at Shell’s Bacton gas terminal site in Norfolk and in March 2022, Anesco completed development of the third in a trio of solar farms for Shell in the Netherlands: a 12MWp array in Emmen, a 14MWp solar farm in Friesland and a 30MWp solar installation in Sas Van Gent.
Lukas Fleming, Head Onshore Power, Shell UK said: “Shell is building a business that spans the generation, trading and supply of clean energy to homes and businesses here in the UK. Acquisition of these four solar energy projects from Anesco will mean we can help meet more of the growing demand for renewable power from our UK customers.”
Shell has set a global target to be a net zero emissions energy business by 2050 and has plans to invest up to £25 billion in the UK energy system over the next decade, subject to Board approval. Increasing renewable power generation is key to both delivery of Shell’s strategy and to support the UK in meeting its net zero 2050 ambition.
Mark Futyan, Anesco CEO, commented: “We’re delighted to be working with Shell once again and to be supporting their growing UK solar portfolio. Having successfully partnered on three solar farms in the Netherlands, we’re excited to be working together on home soil.
“At Anesco, we continue to experience significant interest in our end-to-end capabilities, including from oil majors and power utilities, who are looking to rapidly decarbonise their portfolios. As experts in this space, we’re proud to support them on their journey.”
Anesco has developed in excess of 100 solar farms and 30 battery storage facilities to date, while its renewables operation and maintenance arm now has more than 24,0000 renewable assets under management. As well as operating in the UK, Anesco is active in Germany and the Netherlands.