UK, Danish investors sign JV for 500MW UK solar and storage pipeline

Facebook
Twitter
LinkedIn
Reddit
Email

A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.

Armstrong Capital Management will collaborate with European Energy A/S to bring forward the pipeline of utility-scale power projects, becoming the latest investors to join the momentum building behind Britain’s subsidy-free renewables market.

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

European Energy had invested in UK renewables before, and project director Thorvald Spanggaard said the company had been keen to re-enter the market “for some time now”.

While the investor had indeed been pursuing a local pipeline of solar and wind projects itself, Spanggaard said European Energy had also been hunting for local partners to “accelerate” its development activities.

“In Armstrong we have found an established player with a strong pipeline of projects. We look forward to delivering hundreds of MWs of subsidy-free renewable energy projects in the UK with Armstrong in the coming years,” he said.

Armstrong holds an established presence in the UK solar sector – having arranged funding for more than 350MWp of solar projects in the country – and India, comprising both utility-scale and rooftop systems.

Steve Mahon, chief executive at Armstrong, said it had found a partner in European Energy with an “excellent track record” of delivering high quality renewables projects, and one that “shares our belief in the long-term opportunities for solar and storage projects in the UK.”

Momentum behind subsidy-free solar developments has been building for some time but has accelerated especially in recent months. NextEnergy Solar Fund has now completed two such projects – a 5.4MW project completed in August and a further 50MW project energised in December 2019 – with the aim of connecting 150MW by the end of 2020.

Bluefield Solar Income Fund was another investor to have hailed the arrival of subsidy-free solar in the UK towards the end of 2019 while Lightsource BP, among the most prolific of solar developers in the UK, told PV Tech's sister title Solar Power Portal that it was chasing a 1GW pipeline in the country having declared that the market was “coming back”.

Subsidy-free project economics will be discussed at length at next month’s Solar Finance and Investment Europe conference, organised by PV Tech publisher, Solar Media. Details of the event, including how to attend, can be found here.

21 May 2025
London, UK
The Renewables Procurement & Revenues Summit serves as the European platform for connecting renewable energy suppliers to the future of energy demand. This includes bringing together a community of European off-takers, renewable generators, utilities, asset owners, and financiers. The challenges ahead are complex, but through collaboration, innovation, and a shared vision, we can navigate uncertainties and forge a sustainable energy future. Let us harness our collective knowledge to advance the renewable energy agenda.
3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
1 July 2025
London, UK
UK Solar Summit 2025 will look at the role solar currently plays in the energy mix, how this will change over the coming years and how this aligns with net-zero and other government targets. We will break down all these challenges and help build up solutions through discursive panels, motivational keynotes and case studies, with newly added interactive sessions to get you moving and meeting your peers, making the connections you need to boost your business.
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.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

May 14, 2025
Spanish renewables developer Zelestra has secured €146.6 million ($164 million) in funding to develop a solar PV portfolio totalling 237 MW in Castilla-La Mancha, Spain. 
May 14, 2025
US energy officials have found unexplained communication equipment inside some Chinese-made inverter devices.
Premium
May 14, 2025
As the University of Queensland take the first steps towards commercialising a tin halide perovskite solar cell concept, George Heynes explores the development of the technology.
May 14, 2025
Silfab Solar has raised US$110 million through the sale of Section 45X Advanced Manufacturing Production Tax Credits (PTCs).
May 14, 2025
The University of Queensland has partnered with Halocell Energy to support the advancement of the university’s THP solar cell technology.
May 13, 2025
Singapore-headquartered solar manufacturer Gstar Solar has started commercial production of modules at its solar cell and module plant in the Philippines.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia