Downing and Tokyo Century agree £300m+ UK solar investment programme
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Downing and Tokyo Century agree £300m+ UK solar investment programme
14/1/26
5 min
Renewable energy
News
The joint venture will acquire ready-to-build projects that have Contracts-for-Difference arrangements in place. Projects will be sourced from Downing’s own development pipeline and from third party developers, targeting grid connection dates in 2027 and 2028.
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Investment manager Downing LLP (“Downing”) and Tokyo Century Corporation (“Tokyo Century”) have agreed to jointly acquire and construct a c.500MW portfolio of utility scale ground mounted solar projects in the UK.
The joint venture will acquire ready-to-build projects that have Contracts-for-Difference arrangements in place. Projects will be sourced from Downing’s own development pipeline and from third party developers, targeting grid connection dates in 2027 and 2028.
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Investment manager Downing LLP (“Downing”) and Tokyo Century Corporation (“Tokyo Century”) have agreed to jointly acquire and construct a c.500MW portfolio of utility scale ground mounted solar projects in the UK.
The joint venture will acquire ready-to-build projects that have Contracts-for-Difference arrangements in place. Projects will be sourced from Downing’s own development pipeline and from third party developers, targeting grid connection dates in 2027 and 2028.
UK Minister for Trade Sir Chris Bryant said: “It’s fantastic to see UK-Japan collaboration in action with Japanese firm Tokyo Century and UK-based Downing coming together to invest in the UK’s clean energy sector.
Our clean energy industry is a key part of the modern Industrial Strategy, and this significant investment demonstrates that together we can drive economic growth and support industries of the future."
Toshihiro Nakanishi, General Manager at Tokyo Century said: “We are very pleased to continue our global renewable energy investment programme and were impressed with Downing’s capabilities and the UK market opportunity. We look forward to pursuing our first construction led strategy and think that this opportunity is a compelling one.”
Tom Williams, Head of Energy & Infrastructure, at Downing said: “Tokyo Century is an enormously experienced investor and their commitment is a strong endorsement of both our capabilities and the strength of the UK renewables market. By combining our in-house expertise across development, construction and asset management, we are confident this partnership will deliver meaningful capacity, create long-term local employment and benefits and support the UK’s transition to a resilient, low-carbon energy system.”
KPMG acted as the sole Financial Advisor on the transaction.
About Tokyo Century Corporation
Tokyo Century Corporation has annual revenues of £6.6 billion and 8,000 employees with a presence in more than 30 countries. It has made a series of investments in renewable energy generation across the globe, including notable recent investments in a 303MW operational solar portfolio and a 122MW operational onshore wind portfolio in the UK.
For more information about Tokyo Century Corporation click here.
About Downing
Downing has more than 90 professionals dedicated to renewable energy and infrastructure. Downing has a successful track record in developing, investing and managing renewables, storage and grid support infrastructure. Since 2010, Downing’s Energy & Infrastructure team has made more than 200 investments and has around £920 million of assets under management in the solar, wind, hydro and battery storage sectors with an expected annual energy generation of around 855GWh.
For more information about Energy & Infrastructure at Downing click here.
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The joint venture will acquire ready-to-build projects that have Contracts-for-Difference arrangements in place. Projects will be sourced from Downing’s own development pipeline and from third party developers, targeting grid connection dates in 2027 and 2028.
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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.
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