NTR indicators Irish solar PPA with AIB

• Two PV projects in County Wexford to provide 80% of bank's electricity for retail and also office network

NTR has authorized a Corporate Power Purchase Agreement (CPPA) with Irish banking group AIB to source energy created from 2 solar farms NTR will build in County Wexford.

The two solar farms at Enniscorthy as well as Gorey integrated will certainly cause 21.4 GWh of new renewable resource being put in the Irish grid.

This will supply up to 80% of AIB Group's power needs to service its retail as well as office network of over 270 properties while giving welcome additional generation capacity right into the national grid at a time when the country deals with energy supply challenges.

AIB is the very first Irish firm to conclude such an agreement, assisting it deliver on its commitment to resource 100% of its power demands from certified renewable energy sources by 2030.

In addition, the agreement will add to the delivery of the Irish Government's Climate Action Plan which has actually established a target of 15% of all electrical power demand being fulfilled by renewable generators contracted under CPPAs by 2030.

The agreement additionally makes certain the financial institution has a sustainable and also protected energy supply at a set price for 15 years.

NTR chief executive officer Rosheen McGuckian stated: "Corporate PPAs such as this are an important part of the option to drive the clean energy change across our European markets, but it is especially satisfying to sign a PPA in our residence market with AIB who is leading the charge for Irish companies in welcoming by doing this to access clean affordable power.

" AIB's commitment to sustainability is clear, as well as we're thrilled to be partnering with them to help them attain their vision."

AIB CEO Colin Hunt stated: "Sustainability is a key calculated concern for AIB as we seek to help secure our fragile planet from the terrible influence of climate change by lowering our own carbon impact as well as assisting our consumers to do the same."