Innova Energy

Innova Energy was established in 2016 to invest in and operate a diversified portfolio of UK renewable energy assets, with a focus on utility-scale ground mounted and commercial roof top solar installations, located at agricultural, industrial and commercial sites.

Innova Energy aims to provide :

  • investors – great returns;
  • vendors – a hassle-free sales process where what was offered is delivered; and
  • landowners – a long-term partner committed to maximising the potential for environmentally friendly development on their land.

We generate superior, low risk and tax efficient semi-annual returns for investors and our landowner partners by acquiring single, under-performing or impaired assets. Subsequently we look to optimise performance and enhance capital growth through active asset and performance management and realisation of portfolio aggregation benefits.

To date Innova Energy has raised more than £100m of equity and debt funding from a wide network of high net worth individuals, family offices and institutions and have invested circa £70m in acquiring a portfolio of solar assets. These assets benefit from long term inflation linked and secure cash flows, providing investors both attractive income and capital appreciation over a 3-5 year period.

Individual solar assets or portfolios are held within SPVs into which the Innova invests through equity and/or debt instruments. Innova typically seeks legal and operational control through direct or indirect stakes of up to 100 per cent. Innova Energy may also participate in joint ventures or take minority interests where this approach enables the group to gain exposure to assets which fit with our investment and asset optimisation strategy.

The Company benefits from a highly experienced board of directors comprised of four individuals, two executive directors (Robin Dummett and Andrew Kaye) and two non-executive directors, representing investors (Matthew Evans and Richard Spacey), who together bring broad and deep experience from the solar and industrial sectors as well as experience of investment companies. All decisions taken by the Board require the approval of at least one independent non-executive director.

Our Sites

Albion : 2.3MWp

Albion Solar is a portfolio of commercial rooftop PV sites with a combined total capacity of approximately 2,280 kWp,  acquired by Innova in May 2017. The site locations span the whole of the UK, the most northern in Perth, and the most southern being in Devon. The buildings that support the panels have various commercial purposes; including bowls clubs, community centres and business parks.

All sites have a reduced energy bill and reduced carbon footprint due to the PV. The single largest site is a 438.07 kWp rooftop at Williams Refrigeration in King’s Lynn, Norfolk, and also located nearby in Suffolk is a 417 kWp installation across multiple rooftops in the BASE Business Park.

Anglian Water : 1MWp

Anglian Water comprises two ground-mounted solar PV farms located on water treatment facilities at Whilton (0.4 MWp) and Bedford (0.63 MWp).

The sites were constructed using circa 1,500 and 2,500 LDK solar photovoltaic panels respectively, and Hauwei string inverters.

The installations produce approximately 400MWh and 620 MWh each per year, saving over 280 tons of CO2 p.a. Energy generated on the solar installations provides power for the water treatment facilities via private wires with the remainder being exported to the grid.

Baglan : 5MWp

Located at a former BP Chemicals works in Baglan Bay, South Wales, Baglan Solar Farm is a 5.0MWp ground-mounted solar PV farm. The site was commissioned in May 2014 and connected to the 33 kV distribution network operated by Western Power Distribution. Ofgem accredited the plant to receive payments under the UK’s Feed-Tariff (FIT) at 8.1p/kWh for 20 years and escalated annually by RPI. .

This plant comprises 19,992 Hanwha QCELL 250 Wp polycrystalline silicon modules mounted on fixed structures at 30° tilt covering approximately 20 acres, with three Bowers transformers and five SMA central inverters.

The installation produces approximately 4,750 MWh/year, the same as 403 homes’ energy use for one year, or 8.14m miles driven by an average passenger vehicle. This saves approximately 1,335 tons of CO2 p.a.

Court Solar Farm : 2.24MWp

Located near Bridgend in South Wales Court Solar Farm Mead is a 2.24 MWp ground-mounted solar PV farm. The site was commissioned in [March] 2016 and accredited to receive 1.3x Renewable Obligation Certificates (ROCs) by Ofgem.

The arrays comprise 8,624 Astronergy 260Wp polycrystalline solar modules and 4 KACO inverters, generating 2.3 GWh per year of clean electricity – enough to power over 500 households and saving over 646 tons of CO2 p.a.

Drayton Mead : 5MWp

Located in Buckinghamshire, Drayton Mead is a 5.0MWp ground-mounted solar PV farm. The site was commissioned in March 2016 and accredited to receive 1.3x Renewable Obligation Certificates (ROCs). The site is constructed of approximately 19,000 Renesola photovoltaic panels covering 19.2 acres, with Power Electronics central inverters.

The installation produces approximately 5,016 MWh/year, the same as 425 homes’ energy use for one year, or 8.6m miles driven by an average passenger vehicle. This saves approximately 1,410 tons of CO2 p.a. An annual payment of £2,000 is also paid to the local community.

Haigh Hall : 5MWp

Haigh Hall is a 5MWp ground-mount solar site located near Wakefield, West Yorkshire. The solar plant covers approximately 20 acres and is connected by a 4,300m long cable (private wire) supplying the largest soft drink bottling facility in Europe, operated by Coca-Cola European Partners (CCEP).

The site was constructed using 16,120 Atersa 310Wp polycrystalline solar modules mounted on CWF monopile structure and 2 Power Electronics central inverters, generating 4.5 GWh per year of clean electricity to power the bottling plant, saving 1,289 tons of CO2 p.a.

Malmpit : 5MWp

Located in South Wiltshire and installed in 2016 by ET Solutions, Malmpit is a 5.0 MWp ground-mounted solar PV farm. The site is constructed of approximately 16,000 ET Solar photovoltaic panels covering and four Santerno central inverters.

The installation produces approx. 5,224 MWh/year, the same as 644 homes’ electricity use for one year, or 9m miles driven by an average passenger vehicle. This saves approximately 1,470 tons of CO2 p.a. The project was accredited to receive 1.3x Renewable Obligation Certificates (ROCs).

Majors Hill : 1.15MWp

This 1.15 MWp ground-mounted solar PV farm is located at Majors Hill in West Sussex. The site was commissioned in March 2016 and accredited to receive 1.3x Renewable Obligation Certificates (ROCs). The site is constructed of approximately 4,000 Renesola photovoltaic panels covering 19.2 acres, and a Power Electronics central inverter.

The installation produces approximately 1,135 MWh/year, the same as 100 homes’ energy use for one year, or 2m miles driven by an average passenger vehicle. This saves approximately 320 tons of CO2 p.a. The site includes areas of land set aside for wild flower meadow, to promote and increase the local areas flora and fauna.

Montys : 4.6MWp

Located in Taunton, Somerset, and installed in 2016, Montys is a 4.6 MWp ground-mounted solar PV farm. The site is constructed of approximately 17,700 Yingli solar photovoltaic panels and two Power Electronics central inverters.

The installation produces approximately 4,553 MWh/ year, the same as 561 homes’ electricity use for one year, or nearly 8m miles driven by an average passenger vehicle. This saves approximately 1,280 tons of CO2 p.a. The project was accredited to receive 1.3x Renewable Obligation Certificates (ROCs).

Morfa Camp : 2.9MWp

Located on the west coast of Wales, and installed in 2016, Morfa is a 2.9 MWp ground-mounted solar PV farm. The sites key components include 11,000 Astronergy solar photovoltaic panels covering 15.4 acres and SMA string inverters.

The installation produces approximately 2,902 MWh/year, the same as 250 homes’ energy use for one year, or 5 million miles driven by an average passenger vehicle. Morfa Camp contributes £4,000 annually to the local community, and saves approximately 815 tons of CO2 p.a.

Park Hill : 5MWp

Park Hill is a 5 MWp ground-mounted solar farm that was commissioned in March 2016 and granted accreditation by Ofgem under the FIT regime. The site was acquired by Innova in October 2018, and is located near to the town of Abroath in Angus on Scotland’s eastern coast.

The site comprises of 3 central Gamesa inverters and approximately 19,000 Yingli modules and is expected to generate enough green energy to power 1,515 homes a year, saving 2,150 tons of CO2.

Pennington : 1.2MWp

Pennington is a 1.2MWp, 5 acre ground-mounted solar farm located about a mile from The Solent in Dorset on the south coast of England. The site was commissioned in March 2016 and accredited under the Feed-in Tariff (FIT) regime. The installed system comprises 66 SMA string inverters and approximately 4,500 Astronergy modules, with an expected yield of 1,300 MWh/year, saving 365 tons of CO2 p.a.

The PV facility’s generation primarily powers a Recycling Centre via a private wire connection to aid sustainable waste management for Hampshire County Council, with any surplus generation fed directly into the grid.

Wessex: 1 MWp

In July 2017, Innova acquired a portfolio of commercial PV rooftops from Hive Energy with a combined capacity of just over 1000 kWp. They are located primarily around the Southampton area, utilising a range of inverters such as; Kaco, Fronius, Huawei and SMA. 

Since acquisition, significant remediation work and enhancements to monitoring systems has been undertaken to optimise performance. Generation is primarily consumed on site by building occupiers providing independent energy off. The largest PV site in the portfolio is a 250 kWp system at the Airport Business Centre in Plymouth.

Williams : 4.3MWp

Located to the Northeast of Wrexham, and installed in 2016, Williams is a 4.3 MWp ground-mounted solar PV farm. The site is constructed of approximately 16,000 JA Solar photovoltaic panels and two Power Electronics central inverters.

The installation produces approx. 4,038 MWh/year, the same as 498 homes’ electricity use for one year, or nearly 7m miles driven by an average passenger vehicle. This saves approximately 1,130 tons of CO2 p.a. The project was accredited by Ofgem to receive 1.3x Renewable Obligation Certificates (ROCs).

West Hill : 11.1MWp

Located on the South coast of Bristol Channel, and installed in 2014, West Hill is an 11.1 MWp ground-mounted solar PV farm. The site is constructed of approximately 43,400 REC solar photovoltaic panels and 10 ABB central inverters.

The installation produces approx. 11,012 MWh/year, the same as 1358 homes’ electricity use for one year, or approximately 3,100 tons of CO2 p.a. The project was built by METKA EGN and accredited to receive 1.4x Renewable Obligation Certificates (ROCs).

Contact The Innova Energy Team

If you would like more information, please do send us an email.

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