Downing has signed a long-term strategic framework agreement with Trinasolar to support its solar project pipeline across the UK and Europe.
The investment manager said the multi-year agreement will initially focus on PV module supply for ready-to-build and operational assets.
Downing stated that its development pipeline exceeds 9GW across the UK and Europe, with solar accounting for around 50% of the portfolio.
Recent acquisitions include the Kemberton site in Shropshire and the Higher Hawkerland site in Devon, where the supplied materials will be used to build the projects, according to the company.
As part of the procurement process, Downing’s sustainability team engaged with Trinasolar to assess alignment with its ESG standards, the company added.
The assessment used Downing’s in-house supplier ESG risk tool and will continue as part of its approach to responsible sourcing and oversight.
Sean Moore, investment director at Downing, said: “Our partnership with Trinasolar is a major strategic step forward for Downing, strengthening our ability to continue to deliver good quality sites which perform strongly. We look forward to working closely with them as we develop our pipeline of projects.”
Tim Day, investment fund manager at Trinasolar, said: “We are delighted to enter into this long-term partnership with Downing. Their track record as a responsible investor aligns perfectly with our commitment to delivering high-quality solar and storage solutions across the UK, Europe and beyond. Together, we will accelerate the transition to clean energy and create long-term value for stakeholders.”
Downing said it has more than 90 professionals dedicated to renewable energy and infrastructure and around £920 million of assets under management across solar, wind, hydro and battery storage.
The company added that its asset management team oversees around 16,400 installations with expected annual generation of about 855GWh.