Voltalia starts the construction of South Farm solar plant to supply the City of London with green electricity
19 Juli 2021 - 6:20PM
Voltalia starts the construction of South Farm solar plant to
supply the City of London with green electricity
Voltalia (Euronext Paris,
ISIN code: FR0011995588), an international
player in renewable
energy, has
launched the construction of South Farm
Solar, a 49.9
megawatts solar
plant in the United
Kingdom. The plant will supply
the City of London Corporation’s buildings and
services, in
London's prestigious business
district.
In November 2020, the City of London Corporation
signed a power purchase agreement with Voltalia under which the
governing body of the Square Mile will buy all the electricity
produced by a new-build solar farm for 15 years.
The deal, the first of its kind in the UK to be
signed directly between a renewables producer and a governing
authority, will help City of London provide cheaper, sustainable
and more secure electricity supply protected from the price
volatility of energy markets.
The solar plant will have a total capacity of
49.9 megawatts – enough to power the equivalent of 15,000 UK homes
– and will provide over half the City Corporation’s electricity
needs, powering buildings including its historic Guildhall, three
wholesale markets and the Barbican Arts Centre.
The solar farm located near the village of
Spetisbury, Dorset is expected to be commissioned in the course of
2022. Voltalia is committed to using local suppliers wherever
possible: the grid connection, the fencing and compound
construction are all being carried out by contractors from the
South West region of England.
Sébastien Clerc, Voltalia’s CEO, concludes: “We
are very proud to support the City of London Corporation in its
2040 net carbon zero target. Our fully integrated profile enables
us to provide the City of London with our expertise over the entire
life cycle of the power plant from construction to power
production. We look forward to supplying clean electricity to the
historic Square Mile and the financial and commercial heart of the
UK.”
James de Sausmarez, Chairman of the City of
London Corporation’s Corporate Asset Sub Committee, said: “This is
a pioneering scheme which we hope will lead the way for local
authorities across the UK. It means they can play their part in
reducing emissions without the risks of owning their own energy
firms or infrastructure and without the need for Government
funding. This partnership supports our ambitious Climate Action
Strategy, will make the Square Mile net zero by 2040 – 10 years
ahead of Government goals.”
Next on the agenda: Q2 2021
revenues on July 21, 2021 (after market
closing)
About Voltalia
(www.voltalia.com) |
Voltalia is an international player in the renewable energy sector.
The Group produces and sells electricity generated from wind,
solar, hydraulic, biomass and storage facilities that it owns and
operates. Voltalia has generating capacity in operation and under
construction of more than 1.4 GW and a portfolio of projects under
development representing total capacity of 9.7 GW. Voltalia is also
a service provider and supports its investor clients in renewable
energy projects during all phases, from design to operation and
maintenance. As a pioneer in the corporate market, Voltalia
provides a global offer to private companies, ranging from the
supply of green electricity and energy efficiency services to the
local production of their own electricity. The Group has more than
1,130 employees and is present in 20 countries on 4 continents and
is able to act worldwide on behalf of its clients. Voltalia is
listed on the regulated market of Euronext Paris, compartment B
(FR0011995588 – VLTSA) and is part of the Enternext Tech 40 and CAC
Mid & Small indices. The Group is also included in the
Gaïa-Index, an index for socially responsible midcaps. |
VoltaliaInvestor Relations: invest@voltalia.comT. +33 (0)1 81 70 37
00 |
ActifinPress Contact: Jennifer Julliajjullia@actifin.fr
. T. +33 (0)1 56 88 11 11 |
- 210719 - South Farm construction launch VENG_FINAL
Voltalia (EU:VLTSA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Voltalia (EU:VLTSA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024