finance
As a vertically integrated business, Innova represents a unique bridge between development and investment expertise in the renewable energy sector.
M&A activity
Innova has extensive M&A experience, with many of our team having previously worked at major City funds and advisors. We have acquired and sold numerous operational ground and roof mounted solar sites in the UK, as well as managing operational sites and portfolios on behalf of third parties from initial construction through to exit.
We are continuously seeking opportunities to acquire third-party renewable energy projects and work with developers, asset owners, and investors who are looking to buy pre-planning or ‘shovel ready’ assets.
In the spotlight: Innova Schroders Greencoat (ISG)
In April 2023, Innova and Greencoat UK Solar signed a strategic partnership, ISG Renewables to leverage their combined, proven experience and expertise, with the goal of financing and developing 5GW of renewable energy capacity over the next three to five years. The first two acquisitions of this partnership, Carn Nicholas Solar Park and Manor Farm are already delivering 32.6MW towards this goal.
Joint Ventures
Innova has strong working relationships with the development community across the renewable industry, and we are continuously seeking joint venture partnerships to expand new sites.
Our existing joint venture relationships cover:
Site development
Innova launched in 2014 as a renewable energy site developer, setting the foundation of experience and expertise on which we have built the vertically integrated business that it is today. Quality lies at the heart of every stage of our development process, ensuring the sites that we build, buy, and sell are optimised for high performance and longevity.
Investor Joint Ventures
Our track record for outstanding renewable developments has attracted notable investors to Innova, enabling us to buy partially or fully developed renewable energy sites to optimise with our expertise. Contemporaneously, we have sold selected sites which we have developed through our strategic partnerships, such as with Schroders Greencoat.
Landowner Joint Ventures
As well as traditional landlord and solar tenant relationships, we also work closely with landowners who have already started their own development project journey or obtained a grid connection offer and require an expert partner to complete and/or fund the development process. This allows landowners to leverage our experience and capital to realise their renewable energy project.
Grid connections
As a result of high costs and limited connectivity opportunities, securing a grid connection for a renewable development is becoming increasingly challenging. At Innova, we combine the know-how of our grid connection team with investment expertise and external partnerships to accelerate grid connection introductions for our sites.
In the spotlight: Innova and Triple Point
Innova has a long-standing relationship with purpose led investment manager Triple Point. Commencing in 2017 – when Triple Point provided debt funding for operational subsidised solar assets owned by Innova – this partnership has since grown to include a £5 million Development Facility with Triple Point Energy Transition plc (“TENT”) in March 2023, and a further development funding facility of up to £40 million in October 2023.
Considering a partnership with Innova?
Whether you’re a renewable energy investor, asset owner, or developer, we’re eager to hear from you. Simply get in touch with a member of our team today.
Innova Capital Limited is authorised and regulated by the Financial Conduct Authority.
