Conrad Energy secures solar PPA with BNP Paribas in England

May 1, 2023 11:19 AM ET
  • French lender BNP Paribas (EPA: BNP) has actually dedicated to obtaining electrical power from an approximately 45-MW solar park prepared to be constructed by British power producer and energy companies Conrad Energy in England.
Conrad Energy secures solar PPA with BNP Paribas in England
Image: Elgin Energy

The 15-year power purchase agreement (PPA) asks for the Paris-based bank to obtain power that will help it decarbonise its UK operations, the project developer stated in April.

Conrad Energy will certainly satisfy its commitment under the handle its Larport photovoltaic (PV) project in Dormington, Herefordshire County Council. When in operation, the plant is expected to create greater than 40,000 MWh of power annually and also help save around 9,400 tonnes of co2 (CO2) emissions.

The project was awarded preparing consent in May 2022. According to its website, building remains in development given that last month.

"To secure this sort of agreement with a companion as dedicated to the change to net zero as BNP Paribas sustains our belief that the upcoming milestones for periods of zero carbon electrical energy are attainable," said Steven Hardman, Conrad Energy's CEO.

BNP Paribas, the eurozone's largest bank, intends to make low-carbon innovation make up more than 80% of its energy financing tasks.

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