Investment manager Triple Point has acquired a 28MW solar PV project in Essex from a joint venture between London-based renewable energy platform IG Renewables and developer Anglo Renewables.
The project received full planning approval in February 2025, covers approximately 26 hectares and includes environmental improvements aimed at delivering net benefits for biodiversity. A £25,000 community fund will also be set up to support local projects, the company said.
Jonathan Hick, head of energy transition at Triple Point, said: “Securing ready-to-build sites, such as Toot Hill, with short-term connection dates, located close to centers with high energy demand, is part of our strategy to accelerate the delivery of sustainable energy infrastructure.”
“The development, when completed, will deliver an overall biodiversity net gain of more than 60%, a testament to the caliber of the IGR and Anglo teams. This acquisition provides a strong foundation for building a high-quality operating asset and supports our wider ambition to invest in sustainable energy projects across the UK.”
Founded in 2004, Triple Point is an investment manager focused on productive capital, with £2.5 billion of assets under management as of June 2025. As of April 2025 Triple Point agreed a £15 million debt facility with battery energy storage system (BESS) developer Noriker Power.
The funding marked the start of a new partnership between the two UK BESS players and was used to support Noriker Power’s advanced development pipeline, including the acquisition of key equipment for several turnkey assets in the UK and the Republic of Ireland.
