The Fair Oaks project is made up of a 75.4MWp solar PV array and a 49.9MW/99.8MWh BESS, and was developed by Ridge Clean Energy Ltd.
April 27, 2026
L&G NTR Clean Power (Europe) Fund has announced the acquisition of Fair Oaks Renewable Energy Park, a ready-to-build solar and BES project in Nottinghamshire, England. 
The Fair Oaks project is made up of a 75.4MWp solar PV array and a 49.9MW/99.8MWh battery energy storage system (BESS), and was developed by Ridge Clean Energy Ltd. Through the transaction, the Fund will collaborate with Ridge to deliver the project. 
The news comes as NESO announces more Gate 2 connection offers, following delays to the body’s initial timeline. 
Launched in 2025 as an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulation (SFDR), the Fund is a joint initiative between asset manager Legal & General Investment Management (LGIM) and European renewable energy business NTR.  
The transaction with Fair Oaks was completed by NTR on behalf of the Fund, marking a new relationship between NTR and Ridge. Fair Oaks already has a grid connection offer and planning consent, as well as a secured Contract for Difference, allowing construction to most likely begin in 2026. The anticipated commercial operations date is earmarked for early 2028. 
Related:SmartestEnergy and AGR sign CfD-backed PPAs for four solar and storage projects
Michael Barrie, Head of Real Estate and Infrastructure – Private Markets at L&G, commented: “As the Fund’s second investment in the UK, following existing offshore wind exposure, Fair Oaks adds to its diversified presence in the European market.” 
NTR’s announcement stresses the importance of the project’s local impact, citing both a “community-led approach” to the site’s development and a goal of reducing stress on the grid. 
Anthony Doherty, Chief Investment Officer of NTR, said: “Fair Oaks is particularly attractive as a hybrid solar and BESS asset that can play a critical role in both stabilising the grid and accelerating the transition to reliable, clean energy.” 
Ridge Clean Energy Ltd’s CEO, Marjorie Neasham Glasgow, echoed Doherty’s statement, adding: “Ridge is proud to work with NTR to deliver the next phase of Fair Oaks, which will create meaningful local benefits and help landowners make the most of their resources.” 
Glasgow continued: “This approach aligns with Ridge’s perspective that we are best-placed to achieve the government’s 2030 goals if we deliver long-term value to the local area, and we look forward to working together.”
L&G NTR acquired a large Irish solar and storage portfolio last year. 
Read more about:
Copyright © 2026 All rights reserved. Informa Markets, a trading division of Informa PLC.

source