Solar and wind projects developer TGC Renewables is set to open a London-based office where the company will be able to work directly with private equity, banks and pension funds. The new office will add to TGC’s existing Bristol and Glasgow operations.
Commenting on the news Rob Denman, Director, TGC Renewables said: “As renewables must be part of the future of the UK power market, and with TGC’s ongoing solar and wind developments, the business is opening a London office.”
TGC’s decision to open a third UK-based office points towards the anticipated revival of the large-scale solar sector. Earlier this year the company announced plans to install more than 25MW of wind and solar projects in 2012, much of which will be incentivised under the ROC mechanism.
“Many organisations discuss project pipelines whereas we develop them. We have the strongest pipeline of future projects in the market, including 10MW of solar in operation and construction, the UK’s largest solar park at just under 8MW in planning and a pipeline of large-scale solar projects for connection through 2012 and 2013,” Denman continued.
“These premises will assist us in staying connected to the activities of Government as we look to work with them on developing a route to solar grid parity. It will also enable us to maintain close contact with our current and future financial partners, including the international banks and equity providers operating in the cleantech sector.”
Just yesterday TGC revealed its intention to apply for planning permission to develop a 40-acre site at Raymond’s Hill, near Axminster, into a 5MW solar park. The £10 million scheme is expected to provide renewable energy for up to 2,000 local homes if it gets the go-ahead.
“Our projects have been proven to be bankable and by developing closer relations to the finance partners we work with will enable us to continue to lead the sector on developing the UK’s renewables infrastructure. This office will also support our continued work on developing the commercial wind sector where we have led the market – with almost 100 turbines in development,” Denman concluded.