Innova has sold Ducklington Solar array in Oxfordshire to Schroders Greencoat.
The 27.5MWp site secured planning consent in March 2022.
Construction is due to commence in Q1 2025, with generation targeted for early 2026.
The project was also awarded a CfD in allocation round 6 (AR6) in September 2024, alongside five of Innova’s other solar projects.
Once energised, Ducklington Solar is anticipated to save approximately 11,600 tonnes of carbon per year.
Ducklington is Innova’s fifth solar project to be sold to Schroders Greencoat, and represents a total of over 110MWp within the investment partnership to date.
This follows the sale of Stokeford Solar Park(28.5MWp) in November 2024, and three previous acquisitions as part of the two firms’ joint venture, ISG Renewables, including Carn Nicholas(10MWp), Bicker Fen Solar Park (22.6MWp), and Elms Farm Solar Park(27.8MWp).
Christian Miller, investment manager at Innova, said: “It is with great pleasure that we announce the divestment of our fifth project from our DNO pipeline to a Schroders Greencoat managed fund.
“This acquisition represents over 110MW of solar projects now sold to Schroders Greencoat as our strategic investment partners, which contributes significantly towards our goal to deliver the UK’s Net Zero target.
“We look forward to working closely together in future as we build on our shared ambitions.
“On behalf of Innova, I would like to thank TLT LLP as our legal advisors, as well as the various project partners for their support throughout the sales process.”
Matt Yard, co-head of solar & storage at Schroders Greencoat, added: “We are delighted to be partnering with Innova on yet another exciting solar project in the UK which will go into construction this year in Oxfordshire.
“The CfD-backed project underscores our commitment to delivering long-term, inflation-linked returns for our investors while also accelerating the UK’s transition to a low-carbon future.
“The Ducklington solar project is a great example of how Schroders Greencoat continues to invest in locally-focused infrastructure, and has been acquired by six Local Government Pension Schemes: Avon, Cornwall, Devon, Gloucestershire, Oxfordshire and Wiltshire (all members of the Brunel Pension Partnership), via the Schroders Greencoat Wessex Gardens fund.”