Innova secures a £40m debt facility from Triple Point to expand its renewable energy portfolio.
Triple Point provided the debt facility to support the company in advancing its UK solar and energy storage projects.
Innova develops and operates renewable energy projects across the United Kingdom, focusing on solar and energy storage systems.
Innova has secured a debt facility of up to £40m from Triple Point to accelerate its growth across UK solar and energy storage systems. The funding builds upon a partnership that began in 2017 and will support projects at various stages of development.
Founded in 2014, Innova focuses on utility-scale renewable energy solutions designed to assist large energy users and local communities. The company currently maintains over 60 grid-connected sites under development in the UK, representing a combined solar and storage capacity exceeding 24GW.
From the founder
"This facility with Triple Point represents an exciting milestone in Innova’s mission to help the UK meet its Net Zero targets by providing significant funding towards our accelerated growth in UK Solar and ESS. We are delighted to continue our collaboration with Triple Point on this facility, and we look forward to seeing how our already long-standing relationship continues to develop for the future."
Daniel Mushin
Investment Director at Innova
Investor perspective
"We have a strong, long-standing relationship with Innova, and this significant deal represents an exceptional opportunity – supporting the acceleration of the energy transition industry and backing one of the UK’s leading operators."
Steve Gordon
Head of Corporate, Triple Point
Use of funds
- 01Expand into international markets
