Centrica Expands Renewable Portfolio with Solar Farm Acquisition
- Centrica Plc boosts renewable energy portfolio with purchase of 13-MW solar farm and storage project in England, part of GBP 600-800 million annual investment in clean energy.
Centrica Plc has purchased a 13-MW operational solar farm and development rights for a solar-plus-storage project in England as part of its renewable energy investment strategy. The acquisition includes the Roundponds Solar Farm in Wiltshire and development rights for a 16-MW solar farm and 3-MW battery energy storage system near Winterborne Whitechurch in Dorset. The Roundponds plant was commissioned in 2015, and construction of the new solar and BESS facilities is set to begin in early 2024 with power expected to be exported to the grid in 2025.
Centrica's investment in renewable power generation is part of a larger plan to allocate between GBP 600 million to GBP 800 million annually in renewable energy, security of supply, and customer services until 2028. The company aims to expand its renewable energy portfolio and contribute to the transition towards cleaner energy sources in the UK.
What is Centrica Plc's renewable energy investment strategy in the UK?
- Centrica Plc's renewable energy investment strategy in the UK includes purchasing operational solar farms and developing new solar-plus-storage projects.
- The company recently acquired the Roundponds Solar Farm in Wiltshire and secured development rights for a 16-MW solar farm and 3-MW battery energy storage system in Dorset.
- The Roundponds Solar Farm was commissioned in 2015, and construction of the new solar and battery storage facilities is scheduled to begin in early 2024.
- Centrica plans to export power generated from these projects to the grid by 2025.
- The company has committed to investing between GBP 600 million to GBP 800 million annually in renewable energy, security of supply, and customer services until 2028.
- Centrica aims to expand its renewable energy portfolio and play a significant role in the transition towards cleaner energy sources in the UK.