The development business of Public Power Solutions (PPS), including its current solar/storage project pipeline, has been acquired by Ethical Power Development.
PPS and Ethical Power have been working together since July 2021 with multiple projects previously developed in partnership.
The acquisition was an attractive opportunity allowing Ethical Power to take on a mature pipeline of projects with a combined capacity of more than 250MW, including large-scale solar PV and BESS co-located projects, the company said.
The transaction reiterates Ethical Power’s commitment to becoming the leading developer in the UK alongside its growing global presence, it added.
PPS director of power solutions, Steve Cains said: “PPS and Ethical Power already share a common commitment to deliver clean energy projects which help tackle the climate crisis and boost the UK’s energy security while delivering long term benefits for local communities.
“This exciting next step is a natural evolution of our existing partnership providing a sustainable basis for future growth.”
Over the coming years, the UK is expected to require a significant amount of new solar and BESS capacity with a government target of 70GW of solar by 2035.
The acquisition underpins Ethical Power’s ambition to strengthen its development business arm by adding a mature pipeline of projects and expanding its team of designers and developers, company said.
Spencer Jansen, managing director of Ethical Power Development, said: “We are very pleased to welcome the PPS team into Ethical Power.
“In our successful partnership to date, we’ve seen the breadth of their knowledge and experience.
“This is an important milestone supporting further expansion of the business and will allow us to streamline project developments both in the UK and internationally.”