Kajima, LCA to develop GBP 150m of solar, storage projects in UK

Pan-European real asset investor Kajima Europe has joined forces with net-zero consultancy Low Carbon Alliance Ltd (LCA) to co-develop a portfolio of solar and battery storage projects across the UK with an initial build-out value of GBP 150 million (USD 204m/EUR 176m).

The two companies have launched a joint venture called Taiyo Power & Storage Ltd to pursue the development of ground-mounted solar parks, hybrid solar-plus-storage projects and stand-alone battery storage installations in England, Scotland and Wales. According to the announcement, Kajima and LCA also have a fully-funded rooftop solar offer for the public and private sectors.

LCA’s role will be to provide operational management services such as site origination, land negotiation, grid consultancy, planning and project development.

Kajima Europe is the European branch of Japan's Kajima Corp (TYO:1812).

A few weeks back, Kajima Europe and private equity investor Griffin Real Estate announced they have taken control of Polish clean energy firm PAD-RES through a newly-created renewables JV. The Polish firm has investments in solar and wind projects at various stages of advancement, both in the development stage and ready to build, that surpass 500 MW of total capacity.

(GBP 1.0 = USD 1.362/EUR 1.174)

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