HSBC to invest more than US$325 million in UK solar and wind

Facebook
Twitter
LinkedIn
Reddit
Email
HSBC's UK operations are already powered by the Swindon Solar Farm. Source: Science Museum Group.

HSBC UK Pensions Scheme is to invest £250 million (US$329.9 million) in UK solar and wind farms under a new agreement with renewables investor Greencoat Capital.

The pledge, announced yesterday as part of Green Great Britain Week, will see the pension fund invest in operating solar and wind farms, with Greencoat responsible for identifying assets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Russell Picot, chair of the trustee board at HSBC Bank Pension Trust, said: “Renewable energy infrastructure can provide attractive risk-adjusted returns for investors seeking predictable cash flows derived from real assets over the long term. The investment characteristics of inflation-linked assets such as these are well suited to provide the income required to meet our long-term pension liabilities.”

HSBC is no stranger to UK solar. The bank’s UK premises are powered by solar generated from the 61MW Swindon Solar Farm – amongst the UK’s largest – under a 15-year power purchase agreement via a sleeving arrangement.

Richard Nourse, managing partner at Greencoat Capital, said: “We’re delighted to be partnering with one of the country’s largest pension funds, and helping to finance the implementation of the UK’s climate objectives.”

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 16, 2025
IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.
July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 15, 2025
Australia’s Department of Climate Change, Energy, the Environment and Water (DCCEEW) has announced plans to run four new Capacity Investment Scheme (CIS) tenders by the end of 2025.
July 15, 2025
Malaysian utility company Tenaga Nasional Berhad has officially launched a floating solar pilot project, which could help unlock 2.2GW of generation capacity.
July 15, 2025
Ingeteam has expanded its footprint in Australia by announcing it will supply the 243MWp Maryvale Solar and Energy Storage Project in New South Wales.
July 14, 2025
Australian renewables developer Edify Energy has submitted plans for a 300MWac solar-plus-storage site in Victoria to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK