Basking in the sun: nine solar policy essentials
Learn moreInstitutional Investments
Downing LLP partners with Yorkshire Water to develop 28 new solar sites
22/8/22
5 min
Renewable energy
News
.jpeg)
Investment and asset manager, Downing LLP, is pleased to announce it has been selected by Yorkshire Water to develop, design, build and operate a portfolio of 28 solar sites across Yorkshire.
The first phase of solar deployments, an investment worth around £25 million, will generate a total capacity of approximately 21MW. This represents Downing’s second successful tender award from a UK regulated utility company.
Yorkshire Water provides water and sewerage services to over five million people and 100,000 businesses in the Yorkshire region. The construction of the solar panel arrays will contribute directly to Yorkshire Water’s 2030 net zero pledge, as all electricity generated will be consumed on site by Yorkshire Water.
Downing partnered with net zero consultancy, Ikigai, who acted as a strategic adviser and behind the meter co-development partner to Downing throughout the tender process, that began in 2020.
Sean Moore, Investment Director at Downing, commented: “We’re delighted to be partnering with Yorkshire Water for this solar project. Assisting a national utility company with its goal of reaching net zero by 2030 is a superb example of Downing’s commitment to responsible investing. We are delighted to support energy-intensive industries such as water companies in making progressive strides to reduce their carbon footprint.”
Martin Clarke, Project Director and Water Sector lead at Ikigai, agreed: “This project demonstrates how water companies can achieve the mutual objectives of decarbonisation and better consumer value through externally financed onsite energy solutions. It has been a pleasure to work so closely and collaboratively with Yorkshire Water and, one of the UK’s leading ESG investment managers, Downing.”
Daniel Oxley, Yorkshire Water commercial programme manager, said: “This project is a significant step in reaching our aims of carbon net zero by 2030. Due to changes in the treatment process at our sites over recent years, many have been left with surplus operational land which can be used for the generation of renewable energy.
“These have been identified and will become home to new solar panel arrays. Once completed, the first deployment of solar panels will generate 4% of our annual power needs, increasing our renewable energy use, reducing our exposure to energy price volatility and reducing the operational costs of our sites, which will provide better value for money for our customers.”
Share
Contents
See full contents
Investment and asset manager, Downing LLP, is pleased to announce it has been selected by Yorkshire Water to develop, design, build and operate a portfolio of 28 solar sites across Yorkshire.
The first phase of solar deployments, an investment worth around £25 million, will generate a total capacity of approximately 21MW. This represents Downing’s second successful tender award from a UK regulated utility company.
Yorkshire Water provides water and sewerage services to over five million people and 100,000 businesses in the Yorkshire region. The construction of the solar panel arrays will contribute directly to Yorkshire Water’s 2030 net zero pledge, as all electricity generated will be consumed on site by Yorkshire Water.
Downing partnered with net zero consultancy, Ikigai, who acted as a strategic adviser and behind the meter co-development partner to Downing throughout the tender process, that began in 2020.
Sean Moore, Investment Director at Downing, commented: “We’re delighted to be partnering with Yorkshire Water for this solar project. Assisting a national utility company with its goal of reaching net zero by 2030 is a superb example of Downing’s commitment to responsible investing. We are delighted to support energy-intensive industries such as water companies in making progressive strides to reduce their carbon footprint.”
Martin Clarke, Project Director and Water Sector lead at Ikigai, agreed: “This project demonstrates how water companies can achieve the mutual objectives of decarbonisation and better consumer value through externally financed onsite energy solutions. It has been a pleasure to work so closely and collaboratively with Yorkshire Water and, one of the UK’s leading ESG investment managers, Downing.”
Daniel Oxley, Yorkshire Water commercial programme manager, said: “This project is a significant step in reaching our aims of carbon net zero by 2030. Due to changes in the treatment process at our sites over recent years, many have been left with surplus operational land which can be used for the generation of renewable energy.
“These have been identified and will become home to new solar panel arrays. Once completed, the first deployment of solar panels will generate 4% of our annual power needs, increasing our renewable energy use, reducing our exposure to energy price volatility and reducing the operational costs of our sites, which will provide better value for money for our customers.”
Share
Investment and asset manager, Downing LLP, is pleased to announce it has been selected by Yorkshire Water to develop, design, build and operate a portfolio of 28 solar sites across Yorkshire.
The first phase of solar deployments, an investment worth around £25 million, will generate a total capacity of approximately 21MW. This represents Downing’s second successful tender award from a UK regulated utility company.
Yorkshire Water provides water and sewerage services to over five million people and 100,000 businesses in the Yorkshire region. The construction of the solar panel arrays will contribute directly to Yorkshire Water’s 2030 net zero pledge, as all electricity generated will be consumed on site by Yorkshire Water.
Downing partnered with net zero consultancy, Ikigai, who acted as a strategic adviser and behind the meter co-development partner to Downing throughout the tender process, that began in 2020.
Sean Moore, Investment Director at Downing, commented: “We’re delighted to be partnering with Yorkshire Water for this solar project. Assisting a national utility company with its goal of reaching net zero by 2030 is a superb example of Downing’s commitment to responsible investing. We are delighted to support energy-intensive industries such as water companies in making progressive strides to reduce their carbon footprint.”
Martin Clarke, Project Director and Water Sector lead at Ikigai, agreed: “This project demonstrates how water companies can achieve the mutual objectives of decarbonisation and better consumer value through externally financed onsite energy solutions. It has been a pleasure to work so closely and collaboratively with Yorkshire Water and, one of the UK’s leading ESG investment managers, Downing.”
Daniel Oxley, Yorkshire Water commercial programme manager, said: “This project is a significant step in reaching our aims of carbon net zero by 2030. Due to changes in the treatment process at our sites over recent years, many have been left with surplus operational land which can be used for the generation of renewable energy.
“These have been identified and will become home to new solar panel arrays. Once completed, the first deployment of solar panels will generate 4% of our annual power needs, increasing our renewable energy use, reducing our exposure to energy price volatility and reducing the operational costs of our sites, which will provide better value for money for our customers.”
Share
Investment and asset manager, Downing LLP, is pleased to announce it has been selected by Yorkshire Water to develop, design, build and operate a portfolio of 28 solar sites across Yorkshire.
The first phase of solar deployments, an investment worth around £25 million, will generate a total capacity of approximately 21MW. This represents Downing’s second successful tender award from a UK regulated utility company.
Yorkshire Water provides water and sewerage services to over five million people and 100,000 businesses in the Yorkshire region. The construction of the solar panel arrays will contribute directly to Yorkshire Water’s 2030 net zero pledge, as all electricity generated will be consumed on site by Yorkshire Water.
Downing partnered with net zero consultancy, Ikigai, who acted as a strategic adviser and behind the meter co-development partner to Downing throughout the tender process, that began in 2020.
Sean Moore, Investment Director at Downing, commented: “We’re delighted to be partnering with Yorkshire Water for this solar project. Assisting a national utility company with its goal of reaching net zero by 2030 is a superb example of Downing’s commitment to responsible investing. We are delighted to support energy-intensive industries such as water companies in making progressive strides to reduce their carbon footprint.”
Martin Clarke, Project Director and Water Sector lead at Ikigai, agreed: “This project demonstrates how water companies can achieve the mutual objectives of decarbonisation and better consumer value through externally financed onsite energy solutions. It has been a pleasure to work so closely and collaboratively with Yorkshire Water and, one of the UK’s leading ESG investment managers, Downing.”
Daniel Oxley, Yorkshire Water commercial programme manager, said: “This project is a significant step in reaching our aims of carbon net zero by 2030. Due to changes in the treatment process at our sites over recent years, many have been left with surplus operational land which can be used for the generation of renewable energy.
“These have been identified and will become home to new solar panel arrays. Once completed, the first deployment of solar panels will generate 4% of our annual power needs, increasing our renewable energy use, reducing our exposure to energy price volatility and reducing the operational costs of our sites, which will provide better value for money for our customers.”
Please fill out the form to download the full report
Share
Sign up to stay up to date with the latest insights and investment opportunities
Learn more
.jpg)
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.
VAT Number: 112 940 149