Voltalia and Co-op forge a sustainable partnership for green
electricity supply in the United Kingdom
Voltalia and Co-op forge a sustainable partnership
for green electricity supply in the United Kingdom
Co-op, one of the world’s largest
consumer co-operatives, and Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable energies,
jointly announce the signing of a 15-year Corporate Power Purchase
Agreement (Corporate PPA1) for
the entire output of the 34-megawatt Eastgate solar farm, located
in North Yorkshire.
Under this agreement, Co-op will source
electricity for its estate, including food stores, distribution
centres and Funeralcare homes right across the United Kingdom, over
a 15-year period, from Voltalia’s Eastgate Solar project near
Scarborough, which is set to be fully operational in 2025.
Early construction works have started on the
farm and it will feature a total of 62,500 solar panels once
complete. When all the solar panels are operating at maximum
capacity, together they will provide enough electricity to supply
up to 7.5 % of Co-op’s total electricity needs per year.
Over the course of a full year, they are
expected to produce around 34,000 megawatt hours of electricity,
which is enough to power over 170 Co-op Food Stores, 500 Co-op
Funeralcare homes, or indeed, provide electricity for around 12,500
UK homes.
Co-op’s commitment will now unlock the
investment required to build the solar plant and in doing so will
help to add additional renewable generation to the United Kingdom,
an important step as Co-op continues to call for energy market
reform and work towards reaching Net Zero for its operations
by 2035.
Shirine Khoury-Haq, Group CEO at the Co-op said:
“The signing of this Corporate PPA is a significant milestone
demonstrating Co-op’s goal to green the energy grid and create
transparency in the renewable energy market. Not only will this
agreement unlock more green energy, it will also enable energy
security, drive economic growth and move us closer to net zero.
That’s why we still believe that grid decarbonisation should be an
absolute priority for the Government. Whilst businesses have a part
to play, reform to allow much more rapid progress for projects such
as the Eastgate solar project is urgently needed. Whilst the
significant progress the United Kingdom has made to date is to be
applauded, as a country we remain too reliant on fossil fuels, and
ambitious targets alone won’t deliver the benefits that a Net Zero
grid will deliver, from energy security to lower generation costs
to the better outcome for the planet that’s so desperately
needed.”
The signing of this contract with Co-op
reaffirms Voltalia’s position as a leader in PPA solutions for
corporates and organisations. The company’s expertise and track
record throughout the renewable infrastructure value chain enable
it to provide competitive and low-risk energy solutions.
Furthermore, marking a significant step forward, Voltalia has
recently commenced the early construction works of the Eastgate
solar farm, reinforcing its commitment to accelerate sustainable
energy advancement in the United Kingdom.
Sébastien Clerc, CEO of Voltalia said: “We are
very proud to support Co-op in their net carbon zero target by
providing clean electricity in the food industry, reaching millions
of individuals and enabling us to raise awareness of more
sustainable and responsible consumption.”
Next on the agenda: Q4 2023
turnover, on January 31, 2024 (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 2.7 GW
and a portfolio of projects under development representing total
capacity of 16.1 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.
With more than 1,700 employees in 20 countries
on 3 continents, Voltalia has capacity to act globally for its
customers.
Voltalia is listed on the regulated market of
Euronext Paris, compartment B (FR0011995588 – VLTSA) and is part of
the SBF 120, Enternext Tech 40 and CAC Mid & Small indices. The
Group is also included in the Gaïa-Index, an index for socially
responsible midcaps
VoltaliaLoan Duong, Head of Communications &
IR
Seitosei
Actifinl.duong@voltalia.com
Press Contact:
Jennifer JulliaInvestor Relations : invest@voltalia.com
jjullia@actifin.fr . T. +33 (0)1 56 88
11 19
About Co-op
The Co-op is one of the world’s largest consumer
co-operatives with interests across food, funerals, insurance, and
legal services. Owned by over 4.8 million UK consumers, the Co-op
operates 2,400 food stores, over 800 funeral homes and provides
products to over 5,100 other stores, including those run by
independent co-operative societies and through its wholesale
business, Nisa Retail Limited.Employing over 63,000 people, the
Co-op has an annual turnover of £11.5 billion. As well as having
clear financial and operational objectives, the Co-op is a
recognised leader for its sustainability and community-led
programmes. The Co-op exists to meet members’ needs and stand up
for the things they believe in.
1 The Corporate PPA (Corporate Power Purchase
Agreement) is a direct sales contract entered into between an
energy producer and a final consuming company.
- Voltalia and Co-op forge a sustainable partnership for green
electricity supply in the United Kingdom
Voltalia (LSE:0QW7)
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부터 4월(4) 2024 으로 5월(5) 2024
Voltalia (LSE:0QW7)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024