Lightsource BP is to construct a 4.9MWp solar installation at Ibstock Brick’s Leicestershire headquarters.
The scheme is fully funded by Lightsource BP and a power purchase agreement (PPA) will see electricity from the installation ‘hard-wired’ into Ibstock Brick’s private electricity network, providing 30 per cent of the site’s annual electricity demand.
Ibstock Brick will purchase the electricity generated from the installation via a 25-year agreement at a fixed rate, delivering operational savings as well as sustainable benefits. Lightsource BP will operate the site over the full life-cycle of the project.
Further detail at our sister site, New Power.
BP takes big stake in Lightsource
Tesco goes large on direct PPAs and onsite solar
Universities strike aggregated PPA
Corporate PPAs: The emergence of the mid-market
Aurora: Murky markets undermining corporate PPAs
Click here to see if you qualify for a free subscription to the print magazine, or to renew.
Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.