Aviva Investors and Next PLC support green transition with photovoltaic panel installation

(London) – Aviva Investors, the global asset management business of Aviva plc (Aviva) today announces the completion of a £3 million photovoltaic panel (PVs) installation at Next PLC’s Distribution Centre, South Elmsall, Yorkshire.

lynix park solar panel render

The solar project will facilitate a renewable energy supply for on-site consumption by Next and help advance Aviva Investors’ net zero commitments. The project involves the installation of a 2,400 kWp system which is expected to generate over 2,100,000 kWh of clean energy each year and offset an estimated 447,300 kg of carbon dioxide (CO2) per year. To enable the installation of the solar on one of the Highbay buildings,14,000m2 of membrane roof was fully refurbished,

The Aviva Investors Lime Property Fund acquired the three Next distribution centres located in South Elmsall, West Yorkshire in a sale and leaseback deal in May 2020.

Next works with Lynx Group, which provides a comprehensive portfolio of energy efficient, electrical, sustainable, construction and project management services.

Kris McPhail, Fund Manager, at Aviva Investors, commented:

“We are pleased to report the completion of the solar PV installation at Next’s distribution site.  This project showcases our commitment to renewable and clean energy solutions in alignment with our net-zero strategy. Financing clean energy initiatives not only provides effective engagement with tenants on net zero initiatives, but also further enhances the environmental resilience of the asset and provides stable and tangible financial returns.”

Darren Walsh, Managing Director, Lynx commented:

“We are once again delighted to have supported Next with the delivery of this landmark project, it clearly demonstrates their ongoing Net Zero ambition.”

For more information contact:

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James Morgan

Media Relations Manager

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Steve Ainger

Head of Media Relations

Important information

The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice. 

The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media. 

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 55 May 2021. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature.  The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. 

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Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £366 billion in assets as at 31 December 2020.

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