Equitix announce £1bn of Foreign Direct Investment into UK in December 2023

The UK Government’s commitment to Net Zero underpins a supportive and stable regulatory framework and Equitix is committed to supporting that drive to a zero-carbon future.

Renewable Power is a key part of the transition to net zero with the UK targeting more than 50GW from offshore wind by 2030. Equitix is proud to support that through the being fully integrated in the active ownership, management and operations of key renewable power assets in the UK.

Despite a challenging macroeconomic backdrop, Equitix has successfully signed 18 transactions in 2023 and we continue our strategic growth trajectory this year. In December alone, we secured over £1bn in foreign direct investment into renewable assets which materially contribute to the green transition. This has included:

• In consortium with Tokyo-based Tokyo Electric Power Company (TEPCO Power Grid) an agreement of c. £600 million Triton Knoll Offshore Electricity Transmission (OFTO) project, capable of generating enough renewable power for 800,000 UK homes, our fifth OFTO investment.

• A partnership with Kyuden International Corporation (KIC) and the Development Bank for Japan (DBJ) as co-shareholders in Viridor Energy, the UK’s leading energy from waste business – subsequent to a previous additional acquisition worth £200m with our Australian co-shareholders, TCorp in December. Viridor Energy plays a crucial role in decarbonisation, having already helped the UK avoid around 1 million tonnes of carbon emissions.

• An agreement for an additional deal with a foreign utility business to acquire a diverse portfolio of UK operational offshore windfarms. The UK is home to the largest offshore wind market in the world with an experienced labour force and mature supply chain.

UK Government Minister for Investment Dominic Johnson said:

“This investment demonstrates how our unique regulatory framework is highly attractive for global businesses and shows the UK is one of the best places in the world to invest.

“I’m thrilled that Equitix has played a pivotal role in helping to secure over £1 billion in foreign direct investment in UK material assets. Their commitment to the UK will create new job opportunities in the growing offshore wind market and help us achieve our transition to net zero.”

Equitix is one of the UK’s most experienced infrastructure investors, and in terms of the green energy transition and the renewable sector, our assets with complementary climate and environmental capabilities now stand at over £15bn. We form strategic partnerships and secure co-investment opportunities with our investors, creating employment and contributing to a safer, more efficient and cleaner future.

We’re proud to act as a catalyst for encouraging foreign direct investment into the UK, funding the green transition – and have been doing so consistently for over 15 years. We believe in the UK as a safe and prosperous destination for infrastructure investment with exponential growth.