Downing LLP partners with Southern Water to develop 12 solar PV sites and supply renewable energy to its facilities

15/6/23
5 min
Renewable energy
News

Downing is pleased to announce that it has been appointed by Southern Water to deliver 12 new solar PV projects across its sites and to supply renewable energy from these projects to its water treatment facilities under long-term offtake agreements.

The renewable energy and infrastructure arm of Downing’s Estate Planning Service will invest c.£12 million over a two-year period to deliver the solar PV projects which will generate a total of 8.4 GWh each year to run treatment plants - the equivalent of powering nearly 3,000 UK homes annually.

Downing Renewable Developments, Downing’s in-house project development team, will manage the development and construction of the sites, with the electricity generated being directly utilised by Southern Water.

This initial project is phase one of Southern Water’s solar strategy, supporting its ongoing net zero plans.

Southern Water provides essential water services to 2.6 million customers and wastewater services to 4.6 million customers across Kent, Sussex, Hampshire and the Isle of Wight and are committed to making a positive impact. This means ensuring all its customers have access to high-quality, affordable and efficient water and wastewater services.

Tom Williams, Partner and Head of Energy & Infrastructure at Downing LLP said, “We are delighted to have been selected as the preferred partner to deliver these solar sites for Southern Water, the third such initiative of this type that we are undertaking with water utilities in the UK. It’s great to see a proactive commitment by energy-intensive industries such as water treatment and distribution to reduce their carbon footprint. As an accredited B Corporation, we are proud to be involved in this initiative -  another example of Downing underlining its commitment to sustainable investing.”

Stuart Ledger, Chief Financial Officer at Southern Water said, “This is a key step for Southern Water as we continue to progress our environmental and turnaround plans. This additional investment we are making in solar across 12 locations will provide onsite green energy to run our treatment plants for our customers in a way that is more sustainable, cost-effective and with improved resilience. We are really pleased to be working with Downing on these projects who have a proven track record in this area.”

Find out more about Renewable Energy at Downing

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Downing is pleased to announce that it has been appointed by Southern Water to deliver 12 new solar PV projects across its sites and to supply renewable energy from these projects to its water treatment facilities under long-term offtake agreements.

The renewable energy and infrastructure arm of Downing’s Estate Planning Service will invest c.£12 million over a two-year period to deliver the solar PV projects which will generate a total of 8.4 GWh each year to run treatment plants - the equivalent of powering nearly 3,000 UK homes annually.

Downing Renewable Developments, Downing’s in-house project development team, will manage the development and construction of the sites, with the electricity generated being directly utilised by Southern Water.

This initial project is phase one of Southern Water’s solar strategy, supporting its ongoing net zero plans.

Southern Water provides essential water services to 2.6 million customers and wastewater services to 4.6 million customers across Kent, Sussex, Hampshire and the Isle of Wight and are committed to making a positive impact. This means ensuring all its customers have access to high-quality, affordable and efficient water and wastewater services.

Tom Williams, Partner and Head of Energy & Infrastructure at Downing LLP said, “We are delighted to have been selected as the preferred partner to deliver these solar sites for Southern Water, the third such initiative of this type that we are undertaking with water utilities in the UK. It’s great to see a proactive commitment by energy-intensive industries such as water treatment and distribution to reduce their carbon footprint. As an accredited B Corporation, we are proud to be involved in this initiative -  another example of Downing underlining its commitment to sustainable investing.”

Stuart Ledger, Chief Financial Officer at Southern Water said, “This is a key step for Southern Water as we continue to progress our environmental and turnaround plans. This additional investment we are making in solar across 12 locations will provide onsite green energy to run our treatment plants for our customers in a way that is more sustainable, cost-effective and with improved resilience. We are really pleased to be working with Downing on these projects who have a proven track record in this area.”

Find out more about Renewable Energy at Downing

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Downing is pleased to announce that it has been appointed by Southern Water to deliver 12 new solar PV projects across its sites and to supply renewable energy from these projects to its water treatment facilities under long-term offtake agreements.

The renewable energy and infrastructure arm of Downing’s Estate Planning Service will invest c.£12 million over a two-year period to deliver the solar PV projects which will generate a total of 8.4 GWh each year to run treatment plants - the equivalent of powering nearly 3,000 UK homes annually.

Downing Renewable Developments, Downing’s in-house project development team, will manage the development and construction of the sites, with the electricity generated being directly utilised by Southern Water.

This initial project is phase one of Southern Water’s solar strategy, supporting its ongoing net zero plans.

Southern Water provides essential water services to 2.6 million customers and wastewater services to 4.6 million customers across Kent, Sussex, Hampshire and the Isle of Wight and are committed to making a positive impact. This means ensuring all its customers have access to high-quality, affordable and efficient water and wastewater services.

Tom Williams, Partner and Head of Energy & Infrastructure at Downing LLP said, “We are delighted to have been selected as the preferred partner to deliver these solar sites for Southern Water, the third such initiative of this type that we are undertaking with water utilities in the UK. It’s great to see a proactive commitment by energy-intensive industries such as water treatment and distribution to reduce their carbon footprint. As an accredited B Corporation, we are proud to be involved in this initiative -  another example of Downing underlining its commitment to sustainable investing.”

Stuart Ledger, Chief Financial Officer at Southern Water said, “This is a key step for Southern Water as we continue to progress our environmental and turnaround plans. This additional investment we are making in solar across 12 locations will provide onsite green energy to run our treatment plants for our customers in a way that is more sustainable, cost-effective and with improved resilience. We are really pleased to be working with Downing on these projects who have a proven track record in this area.”

Find out more about Renewable Energy at Downing

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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Downing is pleased to announce that it has been appointed by Southern Water to deliver 12 new solar PV projects across its sites and to supply renewable energy from these projects to its water treatment facilities under long-term offtake agreements.

The renewable energy and infrastructure arm of Downing’s Estate Planning Service will invest c.£12 million over a two-year period to deliver the solar PV projects which will generate a total of 8.4 GWh each year to run treatment plants - the equivalent of powering nearly 3,000 UK homes annually.

Downing Renewable Developments, Downing’s in-house project development team, will manage the development and construction of the sites, with the electricity generated being directly utilised by Southern Water.

This initial project is phase one of Southern Water’s solar strategy, supporting its ongoing net zero plans.

Southern Water provides essential water services to 2.6 million customers and wastewater services to 4.6 million customers across Kent, Sussex, Hampshire and the Isle of Wight and are committed to making a positive impact. This means ensuring all its customers have access to high-quality, affordable and efficient water and wastewater services.

Tom Williams, Partner and Head of Energy & Infrastructure at Downing LLP said, “We are delighted to have been selected as the preferred partner to deliver these solar sites for Southern Water, the third such initiative of this type that we are undertaking with water utilities in the UK. It’s great to see a proactive commitment by energy-intensive industries such as water treatment and distribution to reduce their carbon footprint. As an accredited B Corporation, we are proud to be involved in this initiative -  another example of Downing underlining its commitment to sustainable investing.”

Stuart Ledger, Chief Financial Officer at Southern Water said, “This is a key step for Southern Water as we continue to progress our environmental and turnaround plans. This additional investment we are making in solar across 12 locations will provide onsite green energy to run our treatment plants for our customers in a way that is more sustainable, cost-effective and with improved resilience. We are really pleased to be working with Downing on these projects who have a proven track record in this area.”

Find out more about Renewable Energy at Downing

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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