IPP Conrad Energy & BNP Paribas Join Hands for English Solar Farm

Apr 28, 2023 01:24 PM ET
  • The Larport Solar Farm is slated to deliver greater than 40,000 MWh of renewable power ever year. This will help save near to 9432 tonnes of co2 annually.

UK's Independent Power Producer (IPP) Conrad Energy has participated in an agreement with BNP Paribas for a duration of 15 years. The Power Purchase Agreement (PPA) will pave the way for renewable energy to be supplied from Conrad Energy's recently established solar farm in Herefordshire, England.

The Larport Solar Farm is slated to deliver greater than 40,000 MWh of renewable power ever year. This will conserve near 9432 tonnes of carbon dioxide each year.

Conrad Energy is Britain's biggest flexible energy generating firm that helps the natiional grid of UK with renewable energy.

" We have been excited at Conrad Energy regarding the possibility for the Larport site since 2019," specified Conrad Energy Chief Executive Steven Hardman. "To secure this sort of agreement with a companion as dedicated to the transition to internet zero as BNP Paribas supports our idea that the upcoming milestones for durations of zero carbon power are achievable."

BNP Paribas is an establishing member of the Net-Zero Banking Alliance, introduced by the UN Environment Programme Finance Initiative. BNP Paribas assists mobilise the monetary market to give an incentive to the transition to even more sustainable economic situations and also it is the eurozone's largest bank. The company preserves that by 2030, BNP Paribas will certainly achieve transitioning over 80% of its energy financing activities to low-carbon technologies.

Emmanuelle Bury, the UK Nation Head at BNP Paribas, said, "We are delighted to be working in partnership with Conrad Energy to provide this company PPA. The energy from Larport is a key step in decarbonising our UK operations. With this agreement in place we have taken a significant step on our path to net-zero banking."

IPP Conrad Energy owns and operates greater than 60 sites throughout the UK, organizing 700 MW of flexible generation, The company possesses over 150 MW of battery storage space.

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