Octopus Energy signs solar PPA with UK store Iceland Foods
- Britain's Octopus Energy on Friday said its generation arm has actually authorized a 10-year power acquisition agreement (PPA) with UK frozen food seller Iceland Foods.
Under the agreement, Iceland Foods will receive regarding 64 GWh a year from the 67-MW Breach solar farm project in Cambridgeshire, which is taken care of by Octopus in behalf of Octopus Renewables Infrastructure Trust (ORIT).
The solar energy perseverance 150 sites, out of the almost 1,000 shops Iceland Foods has in the UK, providing 14% of the power the store uses for its UK stores.
Iceland Foods president Tarsem Dhaliwal stated the contract will contribute to the business's 2040 net zero objective and will likewise offer clarity on energy expenses for the coming years "at a substantial price cut to the present wholesale cost."
Octopus Energy Generation got the Breach solar farm in behalf of ORIT last year. Construction of the project begun in November 2022, with conclusion anticipated in the 4th quarter of 2023.