Vodaphone, Centrica and MYTILINEOS indicator PPA for 110MW of solar

May 12, 2022 02:33 PM ET
  • Vodaphone and Centrica have signed a power purchase agreement (PPA) with MYTILINEOS S.A for the output of three solar farms in the UK.
Vodaphone, Centrica and MYTILINEOS indicator PPA for 110MW of solar
Image: Centrica

The solar farms are presently incomplete in Lincolnshire, Worcestershire as well as Nottinghamshire, as well as are expected to have a capacity of 110MW as soon as completed at the end of 2022.

Around 55GWh of the electrical energy produced at the websites will certainly be used by Vodaphone, whilst Centrica will market the remainder to balancing as well as seller power markets through its Energy Marketing & Trading business.

" Building on our historical customer partnership with Vodafone, this offer further underlines our track record as a leading player in the European energy markets," said Cassim Mangerah, handling supervisor of Centrica Energy Marketing and Trading.

" With aiding companies like Vodafone deliver on their green purchase methods, we're pushing the green shift forward via sustaining the development, monitoring as well as optimisation of new renewable resource possessions."

In addition to functioning as an energy trader, Centrica produced a new department-- referred to as Centrica Energy Assets-- in October 2021 to allow it to target the development of solar and other low carbon assets. It has actually set a target of 650MW of solar properties by 2026 as well as in April began building on the 18MW Codford Solar Farm.

Vodaphone is aiming to be internet zero in the UK by 2027, and PPA's are key to its renewable resource procurement technique. The handle Centrica and also MYTILINEOS adheres to a comparable such agreement for the development of two onshore wind farms in Northamptonshire as well as Lincolnshire, which will supply 75GWh of electrical energy annually to the telecoms international.

Incorporated, Vodafone UK has currently authorized PPA's worth greater than 20% of its annual energy requirement.

The PPA aids secure MYTILINEOS' Renewables & Storage Development Business Unit's development of the websites. The Greek empire is continuing to increase its operations, having gotten a 14MW solar portfolio in the Republic Ireland from Elgin Energy in July 2021, and also prolonged its partnership with Huawei in March 2021.

" We are excited concerning this purchase with Vodafone, as this is yet an additional crucial turning point in our development approach in Europe," said Nikos Papapetrou, basic manager of the RSD Business Unit of MYTILINEOS.

" Company PPAs are a basic tool and as they help business to decarbonize and also decrease their carbon footprint. MYTILINEOS is proud to be in the forefront with Vodafone and Centrica."

The business PPA market in the UK is remaining to grab pace, as businesses increasingly try to find a route to decarbonise their operations. NextEnergy Capital for instance, has actually authorized 2 sizable PPA's this year, with Goldman Sachs and also with DLA Piper.

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