Quinbrook's Cleve Hill solar park in UK commences operations
During its commissioning stage in May 2025, electricity exports from Cleve Hill reached a peak equal to 0.7% of the UK's total power demand.
The project holds the distinction of being the first solar and battery project to be designated as a Nationally Significant Infrastructure Project (NSIP).
It is also the first NSIP in the UK to receive a contract for difference (CfD) from the UK government-supported Low Carbon Contracts Company and obtained the largest allocation for any UK solar project during Round 4 of CfD auctions.
Development consent for Cleve Hill was given in May 2020, with construction initiated in 2023 through collaboration with private energy partners.
Quinbrook secured a £218.5m ($299m) term loan and £20m ($27m) VAT facility through Lloyds and NatWest banks for the project.
Construction is ongoing on a 150MW battery energy storage system (BESS) will make Cleve Hill the largest co-located solar plus storage initiative to be developed in the UK's power market.
Quinbrook managing director and UK regional leader Keith Gains stated: 'Cleve Hill sets a new benchmark for large-scale solar projects to help decarbonise the UK power system and demonstrates how investing in the infrastructure needed to transition the UK to clean energy can support local communities and create new jobs.
'Reaching commercial operations is a major technical, construction and financial achievement for our teams, our partners and our investors.
Quinbrook has also signed a corporate power purchase agreement (PPA) with Tesco for the project.
The project is expected to cut carbon emissions by an estimated 142,000t in the first year of operations while also supporting more than 2,500 jobs directly and indirectly.
It is also expected to contribute £114m in local socio-economic benefits throughout its lifetime.
Quinbrook's co-founder and managing partner Rory Quinlan stated: 'Quinbrook is proud to further enhance our track record of successfully delivering milestone infrastructure projects that create such a meaningful and positive impact for the UK's energy transition.
'Projects like Cleve Hill set new scale benchmarks that should increase confidence that the UK's renewables targets can be achieved.'
"Quinbrook's Cleve Hill solar park in UK commences operations" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
39 minutes ago
- Yahoo
AirAsia's $12.3B Power Move Could Reshape Global Budget Travel
AirAsia parent Capital A has just inked a potential $12.3 billion memorandum of understanding with Airbus (EADSY) for 50 A321XLR jetswith options for 20 more. The deal, unveiled as Malaysian Prime Minister Anwar Ibrahim wrapped up his diplomatic tour of France and Italy, is more than just a fleet refresh. It's a long-range play on global low-cost dominance. These jets, which could begin arriving by 2028, are designed to fly farther than any narrowbody aircraft, making once-uneconomical routes across Asia and beyond suddenly viable. This order allows us to have a narrowbody fleet that can cover the world, said CEO Tony Fernandes. Warning! GuruFocus has detected 6 Warning Sign with EADSY. Fernandes hinted that the A321XLR's economics could unlock expansion into India, China, and other parts of Asia-Pacificmarkets where widebodies are often too costly. But the ambitions don't stop there. AirAsia plans to launch a Gulf hub this year and is setting its sights on select European routes. The airline is also in discussions with Airbus to potentially exit its earlier A330 widebody order, signaling a full pivot toward a more nimble, fuel-efficient fleet. At the same time, Capital A is evaluating a secondary listing in Hong Kong as part of its broader strategic roadmap. Anwar's Europe visit wasn't just ceremonialit was deal-making diplomacy in motion. Alongside the commercial jet talks, Malaysia announced defense equipment purchases from Italy and France, reinforcing its security posture while boosting trade ties. In 2024, MalaysiaFrance trade hit $3.63 billion, with momentum continuing into 2025. For investors, this Airbus agreement could mark the start of a new chapter for Capital A's regional dominanceand possibly its global ambitions. This article first appeared on GuruFocus.
Yahoo
an hour ago
- Yahoo
Nvidia (NVDA) Nears $4 Trillion as Huang Looks Beyond Chips -- Toward Robots
Nvidia (NVDA, Financials) isn't just the chip king anymore; it's turning its gaze toward something even bigger humanoid robots. As the company brushed up against a $3.89 trillion market cap this week, CEO Jensen Huang took the stage in Paris and said it plainly; robotics, he believes, could become the largest industry in the world. Warning! GuruFocus has detected 4 Warning Signs with NVDA. That might sound ambitious; then again, so did AI a few years ago and Nvidia now dominates that space too. At the VivaTech conference, Huang introduced AEON: a full-stack humanoid robot developed with Sweden's Hexagon (HXGBY, Financials). It's not a mock-up or sci-fi concept; it's built, operational, and aiming straight for real-world deployment. Forecasts are starting to catch up. Nvidia's robotics and automotive division brought in $1.7 billion in fiscal 2024; analysts now expect that number to hit $7.55 billion by the early 2030s. If AEON gains commercial ground and it might those projections could prove too modest. Earlier this year, things looked shakier. U.S. chip export curbs to China sparked some turbulence; Nvidia stock dipped, and traders got nervous. But the pause didn't last; the stock is now up 19% for the year and once again holds the crown as the world's most valuable public company. The bigger story? That crown might soon be gilded in robotics, not just silicon. There's also seasonality working in Nvidia's favor. Historically, Q3 tends to be quiet a 4% average gain. But Q4 is where things pop; Nvidia has averaged a 23% rally in the final quarter, according to Dow Jones data. That pattern, paired with the robotics momentum, could set the stage for a breakout into even higher valuation territory. Nvidia is already in a class of its own a company that not only scaled the AI summit, but may now have the tools to build entirely new mountains. Other tech giants are maturing; Nvidia still has untouched runways. Robotics may be the next trillion-dollar catalyst and Huang knows it. As of this week, Nvidia is just $50 billion shy of Microsoft's (MSFT, Financials) all-time market cap peak. That number could fall by next week; or even tomorrow. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
an hour ago
- Bloomberg
Reeves Tells Cabinet Next Tax Rise to Be Challenging, Times Says
Chancellor of the Exchequer Rachel Reeves told cabinet ministers that tax increases in the Labour government's fall budget are likely to be even more challenging than a £40 billion ($55 billion) package she put in place last year, the Times reported. Reeves said the new increases are likely to be smaller but that she has limited options as taxes need to rise to cover the cost of abandoning welfare reforms, according to the report. Her comments went further than her public statements that have been less explicit about the prospect of higher taxes, the Times said.