Skylark will draw on the expertise of Ecotricity in developing green energy projects through planning, while Skanska will utilise their expertise in construction and engineering.
The JV will aim to put 350MW of new green energy projects into planning system in the first five years, which would represent a potential investment of £500m should the projects be consented, supplying green electricity to 200,000 homes.
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Three development sites have already been identified for Skylark's first round of investment, representing around 100MW of generating capacity, with the target of delivering new renewable energy capacity for Britain as early as 2018.
Skylark will also create a range of new jobs, from planning experts through to scientific, technical, construction and maintenance roles.
Skanska Infrastructure Development EVP, Steve Cooper, said: "At Skanska, sustainability is at the heart of everything we do. Wherever we work, we strive to push forward the green agenda in construction and infrastructure development. Our green agenda, together with our wish to build what society needs, help to define us as a company."
(CD/JP)
