We work with developers to secure suitable sites in the south of the UK.
We are able to secure attractive sites through our relationships with land owners including London & Devonshire Trust and Associated British Ports.
We have a formal partnership with Reliance Energy to share solar generation sites (SolarFlex), and to raise funds. When procured, each project will be developed by Reliance Energy, and constructed and managed by PPG in return for a management fee. The equity in each project will be split 70:30, with the majority interest granted to the party that successfully introduces the site.
There are emerging opportunities to provide development capital for management contracts.
We have strong relationships with banks and other financial institutions to provide debt financing.
Continuing to work actively with other potential and credible investors. The Company agreed an indicative partnership with a Big Six utility company to fund 20% of future renewable fuel and gas powered projects in line with the Company’s strategy to own 80% of future flexible generation and gas powered projects.