Amberside Energy and Copenhagen Infrastructure Partners, have announced a partnership for the development of 2 GW of solar and battery storage projects in the UK.
Under the terms of the partnership, CIP’s Flagship Funds will provide the capital for project development with the ambition of creating a portfolio of scale that, over time, will have projects in operation and in construction, as well as under development. CIP intends to provide the capital required subject to investment decisions at the time.
Local community engagement and maintaining industry-leading ESG (environmental, social and governance) standards will be core to the partnership’s objectives, with the projects also expected to deliver local and regional socio-economic benefits.
Amberside Energy will continue to lead origination and development activities for the solar and battery storage projects while CIP will contribute its expertise in procurement, structuring and financing renewable energy projects.
“We are delighted to form a partnership with CIP. Together, we will be able to accelerate the energy transition in the UK at scale. We expect our first projects to be ready to begin construction in the next two years”, said Marc Scambler, co-founder and CEO of Amberside Energy.
