The South Farm solar project, located in the Dorset town of Spetisbury, has been commissioned by Voltalia.
In order to purchase all of the power from the 49.9MW project, the firm and City of London Corporation inked a 15-year corporate power purchase deal in 2020.
The agreement, which was the first of its kind to be signed directly between a producer of renewable energy and a public governing body in the UK, will assist City of London Corporation in providing affordable and environmentally friendly electricity supply that is protected from the price volatility of energy markets.
The historic Guildhall, three wholesale markets, and the Barbican Arts Center will all be powered by it, which will supply more than half of the City Corporation’s electricity requirements.
“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,” said Sébastien Clerc, CEO of Voltalia.
“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.”
Chairman of the City Corporation’s Environment Committee, Keith Bottomley, added “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.”
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