Downing LLP (Downing) is pleased to announce the establishment of a renewable energy project development business focused on the UK. The primary goal of the business is to establish an investment pipeline of best-in-class solar, wind and battery storage projects which will be offered exclusively to Downing managed funds and vehicles. The development business aspires to create a pipeline that generates an annual investment quantum of around £100 million for Downing managed funds and vehicles in the medium term.
While the Downing headquarters remain in London, the development team will be based in a newly opened office in Glasgow giving them the best access to their supply and consultancy chain and giving Downing greater UK coverage.
Leading the team is Tony Gannon who has joined as Head of Development. Tony previously held senior management roles within ScottishPower Renewables and, in particular, was responsible for leading the development of their 1GW solar and battery storage pipeline as well as leading the delivery of their onshore construction portfolio that included solar PV, battery storage and wind farms.
Tony is joined by Chris Coates and Derek Wilson, in the roles of Project Engineer and Project Support Lead, respectively. Chris has previously held roles within electrical engineering, grid and project delivery teams and will lead the grid and engineering activities within the Development Company. Derek brings significant experience of leading project support processes for both Shell and ScottishPower and will work closely with the energy and infrastructure team to ensure suitable and efficient project controls are implemented, and to support project development activities. The team will be further strengthened in the months to come.
Tom Williams, Partner and Head of Energy & Infrastructure at Downing LLP comments “We are delighted to launch the development business within the energy and infrastructure team. It will be a huge benefit to those of our investment vehicles focused on energy generation and storage assets who will be offered the opportunity to invest in the projects on an exclusive basis. Tony and his team are highly experienced in their field and we look forward to working with them.”
Tony Gannon, Head of Development adds “Downing is very much leading the way with their renewable energy investment strategy. My team and I are excited to introduce new pipeline opportunities and continue the great work that Downing is doing in the renewable energy space.”