Virgin Money's £26m Investment in UK Solar Farm
- Virgin Money's £26m investment in Larport solar farm supports UK's transition to renewable energy, with 77,000 panels and native wildflower grassland to mitigate environmental impact.
Virgin Money is investing £26m in the Larport solar farm project in Hertfordshire, UK, developed by Conrad Energy. The 45MW solar farm is set to be completed by the summer, with 77,000 panels being installed by Ethical Power. The project includes 40 hectares of native wildflower grassland to mitigate environmental impact.
The energy generated by Larport has been pre-sold under a 15-year contract to a major banking institution to help decarbonize their UK operations. This investment is part of Virgin Money's goal to grow its renewable energy lending book to £500m by 2025 and reduce financed emissions by 50% by 2030. Conrad Energy CEO, Steven Hardman, highlighted the importance of the project in transitioning to renewable energy. Virgin Money Senior Director, Adam Heslop, emphasized the alignment of Larport with the bank's ESG priorities and the UK's transition to a low carbon future.
How is Virgin Money supporting renewable energy with Larport solar farm investment?
- Virgin Money is investing £26m in the Larport solar farm project in Hertfordshire, UK, developed by Conrad Energy.
- The 45MW solar farm is set to be completed by the summer, with 77,000 panels being installed by Ethical Power.
- The project includes 40 hectares of native wildflower grassland to mitigate environmental impact.
- The energy generated by Larport has been pre-sold under a 15-year contract to a major banking institution to help decarbonize their UK operations.
- This investment is part of Virgin Money's goal to grow its renewable energy lending book to £500m by 2025 and reduce financed emissions by 50% by 2030.
- Conrad Energy CEO, Steven Hardman, highlighted the importance of the project in transitioning to renewable energy.
- Virgin Money Senior Director, Adam Heslop, emphasized the alignment of Larport with the bank's ESG priorities and the UK's transition to a low carbon future.