JLL advises RNA Energy on securing a funding partner for 850MW of subsidy-free solar
RNA has entered into an agreement with a reputable pan-European IPP with almost 3GW of renewable generation under management, and a further 14GW in development.
JLL’s Energy & Infrastructure Advisory team has advised RNA Energy on securing a long term development partner for its UK Solar and co-located BESS Portfolio. Following a competitive process, RNA has entered into an agreement with a reputable pan-European IPP with almost 3GW of renewable generation under management and a further 14GW in development. Under the agreement RNA Energy will continue to develop a pipeline of 850MW of solar projects, which will be acquired by the strategic partner once they reach ready-to-build status.
Marcus Peech, Director at JLL commented, “This is a significant transaction for the UK subsidy free solar market and the national drive towards Net Zero 2050. Large-scale solar partnerships of this nature will form a vital contribution towards decarbonisation of our power markets and RNA Energy and their partners will be a notable part of that transition.”
Roger Ammoun, CEO of RNA-Energy added, “We are delighted to have achieved this important milestone for our business and our high quality project pipeline. We thank JLL for running a competitive and very efficient process that will ensure that RNA has a strong and experienced partner with whom we can convert our project pipeline into operating projects that can meaningfully contribute to the UK’s energy transition agenda.”
The transaction is one of several solar development partnerships announced during the past 12 months though is expected to be one of the largest in terms of MW under development.
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