GHG Emissions, Commercial, Solar - October 17, 2024
Tesco Deploys UK Solar
Tesco announced a long-term offtake agreement for solar power in the U.K.
The grocery store chain signed an agreement for solar power generation from Cleve Hill Solar Park, a 373-MW solar + 150-MW battery storage project that will be constructed in the U.K. The solar array is due to commence operations in early 2025.
Tecsco signed the agreement with Quinbrook Infrastructure Partners, a specialist global investment manager focused on infrastructure needed for the energy transition.
Quinbrook’s 15-year power purchase agreement (PPA) with Tesco will account for 65% of the expected solar generation from Cleve Hill once operational.
Shell, a major power and renewables certificate trader and provider of route to market services, signed a 10-year route to market agreement with Quinbrook to manage 100% of the capacity that was secured by Quinbrook under a 15-year contract for difference in July 2022 as part of the UK’s Allocation Round 4, equivalent to 35% of the expected solar generation from Cleve Hill.
Cleve Hill is expected to lower carbon emissions by more than 142,000 tons in the first year of operations.
“We’re delighted to be announcing such a significant step in our journey towards carbon neutrality across our own operations by 2035. Cleve Hill solar park, with its ability to generate up to 10% of our UK electricity demand, joins a number of other Power Purchase Agreements we’ve announced over the last five years. With its ability to provide vital energy storage infrastructure, it's a key part of the renewable energy strategy in the UK, and further evidence of our commitment to tackle climate change and source green electricity from innovative projects like this,” said Ken Murphy, Group Chief Exec, Tesco, in a statement.
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