Downing LLP, a UK-based investment manager, and Tokyo Century Corporation have agreed a GBP 300m+ (~ $408m+) programme targeting UK PV assets. The joint venture has planned to acquire and construct around 500 MW of utility-scale ground-mounted PV projects secured with Contracts-for-Difference arrangements. These UK installations will be sourced from Downing’s development pipeline and third-party developers with grid connections scheduled for 2027 and 2028. Tokyo Century reports annual revenues of GBP 6.6 billion (~ $8.98 billion) and around 8,000 employees, alongside investments in a 303 MW solar portfolio and a 122 MW onshore wind portfolio in the UK. Downing’s Energy & Infrastructure portfolio manages approximately GBP 920 million (~ $1.25 billion) of assets with expected annual generation of about 855 GWh.