The RO gets green light for initial solar development as it reveals new energy arm
- Real estate programmer the RO has acquired intending approval for a 5MW solar park, and also introduced the launch of a new energy company.
The solar park will certainly be completely owned by the RO and also sit on 20 acres of land at Potash Farm, situated to the west of Milton Keynes.
Following on from this site, the firm is planning to broaden its solar rate of interests as the ideal opportunities provide themselves.
" We are incredibly proud to be launching a clean energy firm, which reflects our group commitment to assisting form an extra lasting future and also decreasing our carbon impact," said Edward Rowlandson, Group handling director at the RO.
" The launch comes at a time when the UK is looking to rely on renewables more than ever for a wide variety of environmental, financial, and also geopolitical factors. Although still really small in size this effort matches various other group vast sustainability campaigns."
The RO was introduced in 1932, as well as now has a varied series of rate of interests consisting of commercial residential or commercial property, housebuilding and equity capital companies. RO Energy will support the Group's bigger ESG commitments, together with actions like monitoring its energy usage and also performance.
" Once developed, our new facility at Potash Farm is expected to create sufficient electricity for greater than 1,800 homes, leading to a reduction of greater than 2,300 tonnes of carbon emissions each year," added Rowlandson.
" It will as a result comprise a very tangible and also significant commitment to our Group's larger carbon decrease technique and we intend to grow business gradually."
