Queequeg Renewables solar schemes backed by ETP
Queequeg Renewables has secured funding for the first 500MW of its GW-plus solar pipeline through a partnership with Energy Transition Partners (ETP).
The London-based developer announced its strategic partnership with private equity investment firm ETP today (November 23, 2021), which aims to co-develop and market ready-to-build ground-mounted solar projects across the UK. The ETP-QQR Energy Ltd venture will fully fund a portfolio of up to 500MW of solar schemes in England, Scotland and Wales.
In November, Queequeg Renewables announced it had established a ten-strong team and was developing a 1.3GW subsidy-free solar pipeline ranging in size from 10 to 50MW. The first grid-secured tranche of projects totalling 200MW is expected to enter planning shortly, with the remainder to follow in 2022.
Each solar project is being designed with single-axis tracker technology and bifacial crystalline modules to optimise land use and reduce their footprint. Storage systems will be implemented alongside the solar projects to combine renewable generation with flexible output, providing stability and frequency response to the grid.
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