London-based Triple Point, a mission-driven investment manager, has joined forces with Innova, a dynamic renewable energy business, to secure a substantial debt facility of up to £40 million. The primary goal of this collaboration is to supercharge Innova’s growth in the domains of UK Solar and Energy Storage Systems (ESS). This marks the latest chapter in a long-standing partnership between Triple Point and Innova, a journey that kicked off in 2017.
Founded by visionaries Robin Dummett and Andrew Kaye in 2014, Innova is on a mission to revolutionize the renewable energy landscape. They specialize in developing, building, and operating a diverse array of cutting-edge, environmentally sustainable, and long-term renewable energy solutions. Their unique approach focuses on creating utility-scale renewable energy projects employing a variety of multi-technologies.
These projects not only reduce the carbon footprint but also pave the way for large energy-intensive consumers to go off the grid. This initiative promises to make a positive impact on the environment and provide significant advantages to local businesses and communities.
Innova’s journey involves a commitment to continued development, construction, and operation of innovative and eco-friendly renewable energy solutions. Currently, they have a remarkable portfolio that includes over 60 DNO and Grid-connected sites in various stages of development across the UK. These projects boast a combined solar and storage capacity exceeding 24GW, a testament to their dedication to ushering in a greener, more sustainable energy future.
Steve Gordon, Head of Corporate at Triple Point, expressed his enthusiasm for the partnership, stating, “This significant deal represents an exceptional opportunity – supporting the acceleration of the energy transition industry and backing one of the UK’s leading operators.”
Daniel Mushin, Investment Director at Innova, shared his excitement, highlighting the facility’s role in advancing the UK’s Net Zero targets. He emphasized that this collaboration with Triple Point is a significant milestone and signals a bright future for their enduring partnership.
