Quinbrook Secures Landmark Offtake Agreements with Tesco and Shell for UK’s Largest Solar Project, Cleve Hill

Quinbrook Infrastructure Partners, a global investment manager specializing in energy transition infrastructure, has signed two long-term offtake agreements with Tesco and Shell for 100% of the solar power generated at its Cleve Hill Solar Park. This 373MW solar project, along with 150MW of battery storage, is the largest of its kind ever built in the UK and is set to begin operations in early 2025.

The 15-year Power Purchase Agreement (PPA) with Tesco marks the largest solar corporate PPA in the UK to date, representing 65% of Cleve Hill’s expected solar generation.
These agreements ensure long-term, index-linked revenues for Cleve Hill, providing revenue stability for Quinbrook investors and a hedge against inflation, thereby enhancing the sustainability of the infrastructure investment and supporting the UK’s energy transition.

“We’re delighted to be announcing such a significant step in our journey towards carbon neutrality across our own operations by 2035. Cleve Hill solar park, with its ability to generate up to 10% of our UK electricity demand, joins a number of other Power Purchase Agreements we’ve announced over the last five years. With its ability to provide vital energy storage infrastructure, it’s a key part of the renewable energy strategy in the UK, and further evidence of our commitment to tackle climate change and source green electricity from innovative projects like this,” said Ken Murphy, Group Chief Exec, Tesco.

“Shell is pleased to work with Quinbrook to manage a proportion of the Cleve Hill capacity and further expand our UK PPA portfolio. Combined solar and battery storage projects such as this have a vital role to play in driving forward the UK’s transition to a flexible and low-carbon energy future,” added Rupen Tanna, Head of Power and Systematic Trading for Shell Energy Europe Limited.