Renewable Energy – Solar and Battery Storage
Susgen, a market leading funder and partner to renewable energy development companies, announces the sale of its UK-based solar and battery storage development company JBM Solar to RWE, the UK’s largest power generator.
Headquartered in London and founded in 2012, JBM Solar leaves the Susgen portfolio as the UK’s largest independent solar and co-located battery storage developer, with a pipeline of 6.1 gigawatts (GWac), split into 3.8 GWac solar, and 2.3 GWac co-located battery storage projects. JBM Solar has built a team of 30 professionals with an extensive track record in the solar sector, and expertise across the entire development process, from land acquisition to construction readiness.
“We are delighted for the JBM team, and we wish them every success in the next chapter of their exciting story with RWE. Susgen are proud to have helped enable the development of a solar and battery pipeline that will deliver a significant proportion of the UK Government’s 2035 70GW solar target,” commented Joseph Pillai, CEO of Susgen.
A number of these projects have already secured the necessary planning approvals from the relevant authorities. The first solar and battery storage projects could be operational as early as the end of 2024.
David Cramer, co-founder of JBM Solar added: “The sale marks the start of a new phase for this team, but also closes the door on a very successful chapter in our history. Partnering successfully with Susgen over the last five years and leaning on them for financial and strategic support has enabled JBM Solar to build an outstanding team and an unrivalled pipeline.”