Mergers & Acquisitions Europe · 5d ago

Enviromena Acquires 27.5 MWp Parkgate Farm Solar Project in Essex, UK, as First Step in 233 MWp Innova Deal

Enviromena acquires the 27.5MWp Parkgate Farm solar farm in Essex from Innova Renewables, the first deal in a 233MWp solar and battery storage pipeline.

RD

Research Desk

22 October 2026 · 5 min read

Enviromena Acquires 27.5 MWp Parkgate Farm Solar Project in Essex, UK, as First Step in 233 MWp Innova Deal

The UK independent power producer Enviromena has completed its purchase of the 27.5 MWp Parkgate Farm solar project from developer Innova Renewables, and the deal is being positioned as the opening move in a substantially larger programme of transactions between the two companies.

Under the framework announced on October 22, 2026, Enviromena expects to acquire a total of 233 MWp of solar capacity along with 75 MW of co-located battery energy storage system projects from Innova before the end of 2026.

Enviromena and Innova plan further UK solar transactions

The announcement makes clear that Parkgate is not a one-off sale but the first of what both parties describe as a number of transactions. According to the companies, they expect to complete further acquisitions under the partnership in the coming weeks.

Each completed deal will add to Enviromena's expanding portfolio of Contract for Difference-backed solar projects across the UK, a portfolio category that the company has been building steadily and to which Parkgate now belongs. For Innova, the sale represents another step in the progression of its renewable energy development pipeline.

The company's chief financial and investment officer, Daniel Mushin, described the transaction as continuing Innova's success on that pipeline and reflecting its collaborative approach to project development, commenting that it was thanks to the advisers who supported the deal: PKF Corporate Finance, Burges Salmon, and OWC.

What Parkgate Farm brings to the table

The project at the centre of the transaction sits near Braintree in Essex and is fully consented. It secured a Contract for Difference in Allocation Round 6, the CfD round commonly referred to as AR6, which underpins its route to revenue once operational.

The energisation target is summer 2028, giving the project a defined timeline from today's change of ownership through to the point at which it begins exporting power. Once energised, Parkgate is expected to generate more than 28,000 MWh of clean electricity each year.

On the figures provided by the companies, that output is enough to power the equivalent of over 10,000 homes annually, a scale that places the project firmly in the category of large-scale UK solar generation rather than community or mid-sized development. Parkgate also carries a particular significance within Enviromena's own portfolio.

It will be the company's second large-scale solar farm in Essex, following the construction of its flagship 71 MWp Medebridge Solar Farm near South Ockendon. Medebridge has been operational since September 2025, meaning that by the time Parkgate reaches its summer 2028 energisation target, Enviromena will have been running its first Essex asset for close to three years.

The two projects together give the company a repeated presence in the county as it grows its generation base.

What the executives said

Chris Marsh, chief executive officer at Enviromena, framed the acquisition in terms of the relationship behind it rather than the single asset alone. "We're delighted to be working with Innova, with Parkgate marking the first milestone in a portfolio of projects that we plan to deliver together," he said.

He went on to describe the deal as "a significant opportunity for both businesses" and said Enviromena was looking forward to progressing the wider portfolio through construction and into operation. Marsh noted that a strong relationship with the Innova team had been established through the acquisition process and expressed the hope that this would become "the foundation of a successful, long-term relationship." On the seller's side, Innova's Daniel Mushin welcomed the completed sale.

"We are delighted to announce the sale of Parkgate to Enviromena," he said, adding that as the first project in a broader relationship between the two organisations, the transaction continues Innova's success on its renewable energy pipeline and its collaborative approach to project development. Mushin said Innova looked forward to working together on future opportunities and credited the company's advisers, naming PKF Corporate Finance, Burges Salmon, and OWC, for their support on the transaction.

Both sets of comments point in the same direction: the 27.5 MWp project changing hands is the visible transaction, but the substance of the announcement is the wider expectation of 233 MWp of solar and 75 MW of co-located BESS changing hands before the end of 2026, with more completions due within weeks.

Recognition across the UK renewables sector

The Parkgate deal lands during a stretch of external recognition for Enviromena's activities in the UK renewables sector. Earlier in October 2026, the company's Medebridge Solar Farm partnership, run alongside the University of Manchester, EDF, Inspired, and Close Brothers, won Green Collaboration of the Year at the Green Awards UK 2026.

The award relates to the same Medebridge asset that stands as Enviromena's first large-scale solar farm in Essex and its operational flagship near South Ockendon. The recognition did not stop there.

In September 2026, Enviromena's in-house legal team was named a finalist for Team of the Year at the Young Energy Professionals Forum Awards 2026, known as the YEP Forum Awards. In the same month, the company was named Fast Riser at the Thames Valley 250 Awards 2026, run by The Business Magazine and Insider Media.

These honours sit alongside the practical details of the company's footprint. Enviromena is headquartered at Theale Lakes Business Park in Sulhamstead, Reading, in the United Kingdom, and operates as an independent power producer.

Its recent trajectory, as set out in the announcement, combines completed and operational assets, an award-winning partnership structure around Medebridge, and now an acquisition pipeline with Innova that is expected to deliver 233 MWp of solar and 75 MW of co-located battery storage into its portfolio before the close of 2026.

With Parkgate secured and consented and holding its AR6 Contract for Difference, attention now turns to the coming weeks, in which the companies say further acquisitions are expected to complete, and to summer 2028, when the Essex project is due to be energised and begin supplying its expected annual output of more than 28,000 MWh to the grid.

Tagged

Solar farm acquisitionUK solar energyContract for DifferenceInnova Renewables

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