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Quinbrook Infrastructure Partners has inked two long-term offtake agreements with Tesco and Shell, covering 100% of the solar power generation from its Cleve Hill Solar Park, a 373 MW solar and 150 MW battery storage project.

The project is due to commence operations next year.

“The offtake agreements secured with Tesco and Shell are a testament to this landmark renewables project for the U.K. and represent a significant milestone in delivering long-term inflation linked revenues for our investors, supporting new construction and jobs,” says Keith Gains, managing director and U.K. regional lead for Quinbrook.

“Cleve Hill has set new benchmarks for U.K. solar and helps Quinbrook further its efforts to support the U.K.’s decarbonization goals and energy independence through large-scale solar plus battery storage projects.”

Quinbrook’s 15-year PPA with Tesco is the largest solar corporate PPA executed in the U.K. to date, adds the company, and will account for 65% of the expected solar generation from Cleve Hill once operational.

Shell has signed a 10-year Route to Market agreement with Quinbrook to manage 100% of the capacity that was secured by Quinbrook under a 15-year Contract for Difference in 2022 as part of the U.K.’s Allocation Round 4, equivalent to 35% of the expected solar generation from Cleve Hill.

Cleve Hill was granted development consent in 2020 by the U.K. Department for Business, Energy & Industrial Strategy.

The post Quinbrook Secures Tesco, Shell Offtake Agreements from UK Solar + Storage Project appeared first on Solar Industry.

Quinbrook Secures Tesco, Shell Offtake Agreements

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Renewable Energy

Ask a Pro

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I’m not a financial pro, but here’s some advice:

Don’t live on a budget.  Make a lot of money and live far beneath your means.  What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?

As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do.  You make false friends and have people glomming onto you to sell you stuff you really don’t need.”

Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country.  Maybe there is something about him and his values that could benefit you.

Ask a Pro

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Renewable Energy

Solar PV in Spain

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I see.

There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.

LOL.

Solar PV in Spain

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What’s Wrong with Human Civilization?

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It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.

People say that the principal weakness of human beings is that we can’t plan for the future as a species.  Dogs are arguably even worse, though they aren’t consumed with greed.  They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.

As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.

What’s Wrong with Human Civilization?

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