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Active Energy Group PLC on Tuesday announced the development of its first pipeline of solar and battery storage projects. Shares in the London-based, biomass-focused renewable energy developer closed up 10% at 0.15 pence on Tuesday. The initial pipeline comprises 10 commercial warehouse rooftop sites, with a combined capacity of approximately 2.3 megawatts. Brian Glendinning will serve as solar and battery advisor. His appointment as specialist advisor was announced Monday. Further, Active Energy said it is in the advanced stages of finalising lease contracts and long-term power purchase agreements, expected to generate contracted revenues of more than £10 million over a minimum 20-year term. The initiative is the first stage of a broader development programme targeting both rooftop and ground-mounted solar and battery installations. Chief Executive Officer Paul Elliott commented: ‘This proposed pipeline represents a significant milestone in AEG’s transition into renewable energy. The combination of long-term contracted revenues and Brian’s expertise provides a strong foundation for building a substantial portfolio of income-generating solar and battery projects. This marks the beginning of an exciting new phase for AEG, aligned with our ambition to deliver sustainable growth and shareholder value.’ Active Energy aims to own and operate a significant portfolio of solar assets with contracted revenues directly from commercial customers and tenants. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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