Energy company Centrica Business Solutions are on their way to agreeing a Solar based Power Purchase Agreement (PPA) with Smart Agricultural Aluminium.
Construction has already begun on the 2.9MW solar installation that can be found on the rooftops of three buildings at a site in Southwest Wales.
Centrica will provide Smart Agricultural Aluminium with 2.7GW of renewable energy each year over a 25-year period.
This means 20% of the sites energy requirements will be supplied by the 7000 strong solar panel site.
“The project with Smart Architectural Aluminium represents one of our largest roof top solar arrays to date and we’re delighted to help them to meet their decarbonisation ambition. We want to continue supporting organisations with their sustainability challenges, this in turn creates more resilient businesses that can stand the test of time as well as reducing the UK’s reliance on fossil fuels – accelerating our journey towards net zero. To be able to finance this deal in a zero-capital way, is an incredibly attractive package for many businesses, who are wrestling with the balance between planet and profit, our message is you don’t need to make it a binary choice, you can do both.” – Justin Jacober, Managing Director, Centrica
The long-term PPA has been signed for the Solar project. The projects will be complete in 2024 and will see Centrica lease the roof space, finance the project, and agree the PPA for onsite energy generation.
“We’re excited to be working alongside Centrica to facilitate a significant portion of our energy demand from the roofs over our heads. Our net zero ambitions are at the heart of our growth strategy, and once construction is complete it will be great to know that a huge proportion of our future energy use will be both carbon neutral and affordable.” – Dean Thomas, Managing Director, Smart Architectural Aluminium
Centrica’s deal with Smart Agricultural Aluminium isn’t the only PPA the energy company has finalised.
In February 2023, Centrica and Mytilineos signed a corporate PPA with telecommunications company Vodafone UK.
The deal covers five sites, located in Norfolk, Nottinghamshire, Staffordshire, Buckinghamshire, Dorset, generating 232MW of electricity.
Each site is expected to generate 216GW of electricity once fully operational.
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