Voltalia starts first electricity supply to the City of London Corporation through the commissioning of its South Farm solar plant in the UK
16 Dezember 2022 - 7:30AM
Voltalia starts first electricity supply to the City of London
Corporation through the commissioning of its South Farm solar plant
in the UK
Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable
energies, announces that it has completed the
commissioning of the South
Farm solar project. The
49.9 megawatt solar plant will
supply clean electricity
to the City of London Corporation
for 15 years through a
Corporate Power
Purchase
Agreement (CPPA) signed
in 2020.
The City of London Corporation signed a CPPA1
with Voltalia under which the governing body of the Square Mile
agreed to procure all the electricity produced by the new-build
South Farm solar plant near the village of Spetisbury in Dorset,
for a total period of 15 years.
The deal, which was the first of its kind in the
UK to be signed directly between a renewables producer and a public
governing authority, will help City of London Corporation provide
cheap and sustainable electricity supply protected from the price
volatility of energy markets.
Amid a challenging macro environment, Voltalia
has completed the South Farm solar plant with a total capacity of
49.9 megawatts, equivalent to the annual electricity consumption of
approximately 35,000 people. This represents nearly 20,000 tons of
CO2 avoided. It will cover over half the City Corporation’s
electricity needs, powering buildings including its historic
Guildhall, three wholesale markets and the Barbican Arts
Centre.
"The completion of South Farm is a great
achievement. I would like to warmly thank all the Voltalia teams
and our local British suppliers and subcontractors, who have been
working together on this project. In the current energy crisis, we
are very proud to supply clean and cheap electricity to some of
London’s most iconic landmarks. With this 15 year contract we are
actively supporting the City of London Corporation in mitigating
its energy budget volatility and reaching its net carbon zero
target by 2027," said Sébastien Clerc, CEO of Voltalia.
"This scheme is a pioneering blueprint by the
City Corporation for local authorities across the UK, cutting
carbon emissions and giving cheaper, more secure energy, protected
from the price volatility of energy markets. The deal will increase
our green energy supply, has no reliance on taxpayer funding, and
helps us transition quickly away from fossil fuels," said Keith
Bottomley, Chairman of the City Corporation’s Environment
Committee.
Next on the agenda: Revenues Q4
2022, on January 25, 2023 (after market close)
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 2.4 GW and a portfolio of projects under
development representing total capacity of 13.6 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 1,450 employees and is present in 20 countries on 3 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. |
Loan Duong, Head of Communications & Investor relationsEmail:
invest@voltalia.comT. +33 (0)1 81 70 37 00 |
ActifinPress Contact: Loris DaougabelEmail:
ldaougabel@actifin.fr. T. +33 (0)1 56 88 11 11
|
About the
City of London Corporation
(www.cityoflondon.gov.uk)
The City of London Corporation is the governing body of the Square
Mile dedicated to a vibrant and thriving City, supporting a diverse
and sustainable London within a globally-successful UK. |
Ellen Fouweather, Media Officer (Public Services) Email:
ellen.fouweather@cityoflondon.gov.uk T. +44 (0)7510382456
|
|
1 Corporate Power Purchase Agreement, a
long-term contract for the supply of renewable electricity that
directly links the producer, a power plant, to the final consumer
of the electricity, a company.
- Voltalia starts first electricity supply to the City of London
Corporation through the commissioning of its South Farm solar plant
in the UK
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