Tesco and Shell Secure Agreements for Cleve Hill Solar Park
Tesco and Shell Secure Agreements for Cleve Hill Solar Park

Tesco and Shell Secure Agreements for Cleve Hill Solar Park

News summary

Quinbrook Infrastructure Partners has secured two significant long-term offtake agreements for its 373MW Cleve Hill solar park in Kent, set to be the UK's largest solar and battery storage project, operational by early 2025. Tesco has signed a 15-year power purchase agreement (PPA) covering 65% of the project's output, marking it as the largest solar corporate PPA in the UK, which will help meet up to 10% of Tesco's electricity demand. Shell has also entered a 10-year agreement to manage the remaining 35% of the solar generation, providing long-term revenue certainty for Quinbrook. Cleve Hill will feature over 560,000 solar panels and a 150MW battery storage system, generating enough power for approximately 144 large Tesco stores annually. The project is classified as a Nationally Significant Infrastructure Project (NSIP), emphasizing its importance for the UK’s renewable energy landscape. Both companies highlight their commitment to sustainability and carbon neutrality goals through these partnerships.

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Bias Distribution
67% Right
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Left 33%
Right 67%
Coverage Details
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3
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2
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Last Updated
92 days ago
Bias Distribution
67% Right
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