Innova Energy’s 5MW Solar Plant Acquisition

TLT has advised Innova Energy on the deal.

Innova Energy acquired a 5MW operating solar plant which supplies the largest soft drink bottling facility in Europe operated by Coca-Cola European Partners (CCEP).

The solar plant in Wakefield, West Yorkshire, was commissioned in 2017 and accredited by Ofgem at 1.2 ROCs. It covers approximately 20 acres and is connected by a 4,300m long private wire cable to the bottling facility. Innova has agreed to work with CCEP to increase the capacity of the solar plant to 8MW by the end of the year, using the latest available technology.

This acquisition brings the total installed capacity owned and by operated by Innova Energy to 60MW and is in line with Innova’s strategy to invest in quality assets that offer opportunities for further operational optimisation and value creation.

The TLT team was led by corporate partner Antonia Silvestri (Picture), supported by chartered legal executive Nick Rains, real estate partner, Nick Shenken, commercial and regulatory legal director, Stuart Urquhart, planning legal director Fergus Charlton, real estate associate, Alex Tomlinson and real estate solicitor Andrew Brown.

Involved fees earner: Andrew Brown – TLT LLP; Fergus Charlton – TLT LLP; Nick Rains – TLT LLP; Nick Shenken – TLT LLP; Antonia Silvestri – TLT LLP; Alex Tomlinson – TLT LLP; Stuart Urquhart – TLT LLP;

Law Firms: TLT LLP;

Clients: Innova Capital & Energy;