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The Broxted project in Suffolk, UK, owned by Cubico Sustainable Investments and GLIL Infrastructure. Image: Cubico.
Over 500MW of new UK solar PV and onshore wind is to be developed by a joint venture between Cubico Sustainable Investments and Peel NRE.
The duo are to originate, develop and operate the portfolio of projects over the next 5-10 years, made up of a combination of grid scale and private wire developments, providing renewable electricity to the grid or directly to end-users to help decarbonise energy intensive businesses.
Peel NRE – which is part of regeneration business Peel L&P – was launched in January this year. It is to lead on identifying sites and early-stage development activities across the UK, using its own estate where appropriate.