L&G NTR Clean Power (Europe) Fund secures Solar and Battery Project in Nottinghamshire, England

L&G NTR Clean Power (Europe) Fund secures Solar and Battery Project in Nottinghamshire, England

The investment highlights the role hybrid solar and battery assets can play in supporting diversified, stable clean energy sources

Dublin, 24 April 2026:

The L&G NTR Clean Power (Europe) Fund III (“the Fund”) today announces a transaction for Fair Oaks Renewable Energy Park (“Fair Oaks”), a Ready-to-Build (“RtB”) solar and Battery Energy Storage System (“BESS”) project located in Nottinghamshire, England. Fair Oaks was developed by Ridge Clean Energy Ltd (“Ridge”). Ridge will collaborate with the Fund to deliver the project and support the local community. The project comprises 75.4 MWp of solar PV and a 49.9MW/99.8MWh BESS, enabling it to both optimise the available grid by capturing and storing excess energy until needed and to provide critical grid services.

The Fund is a joint partnership between NTR, a leading renewable energy specialist, and L&G, a major European asset manager and global investor. The transaction was completed by NTR on behalf of the Fund, who will bring the project into its next phase. This milestone marks the start of a long-term collaboration between the Fund and Ridge to continue the community-led approach to development.

Fair Oaks has a grid connection offer and planning consent in place and has secured a Contract for Difference (“CfD”), providing long-term revenue certainty. Construction is expected to commence in 2026 ahead of a targeted commercial operations date of early 2028.

Anthony Doherty, Chief Investment Officer of NTR, commented: “Fair Oaks is particularly attractive as a hybrid solar and BESS asset that can play a critical role in both stabilising the grid and accelerating the transition to reliable, clean energy. We are delighted to have established this relationship with Ridge Clean Energy who take the same sustainable perspective as us in developing quality projects that support Europe’s clean energy transition.”

Michael Barrie, Head of Real Estate and Infrastructure – Private Markets at L&G, said: “As the Fund’s second investment in the UK, following existing offshore wind exposure, Fair Oaks adds to its diversified presence in the European market. Through this acquisition, we are continuing to support energy stability and security alongside delivering growth opportunities for long-term investors.”

Marjorie Neasham Glasgow, CEO of Ridge Clean Energy Ltd, said: “Ridge is proud to work with NTR to deliver the next phase of Fair Oaks which will create meaningful local benefits and help landowners make the most of their resources. Both NTR and L&G have an established reputation for long-term commitment to the UK and for prioritising local stakeholders. This approach aligns with Ridge’s perspective that we are best-placed to achieve the government’s 2030 goals if we deliver long-term value to the local area, and we look forward to working together.”

Pinsent Masons acted as Legal Advisor to NTR, with Natural Power providing technical advice.

PKF Francis Clark and TLT advised Ridge on the transaction.

ENDS

Further information: 

Media enquiries:

Gilly Lock/ Louisa Henry                                NTR@sodali.com

+44 (0) 20 7100 6451

About NTR

Established in 1978, NTR is an experienced sustainable infrastructure investor and asset manager driving Europe’s clean energy transition. Over 25 years in clean energy investment, NTR has developed, constructed and operated over 4 GW of wind, solar and energy storage projects and associated grid. NTR currently manages clean energy transition projects in circa 70 locations across seven European countries.

NTR’s mission of developing, constructing, and operating sustainable infrastructure in a responsible manner means that we incorporate an ESG mindset into every stage of the business. From initial investment assessment through to operational projects, NTR aims to have a positive impact on the environment and society while maintaining strong governance and risk management oversight.

For more information please visit: www.ntrplc.com