Octopus Renewables Infrastructure Trust has struck a power purchase agreement with UK frozen foods retailer Iceland.
The deal covers electricity to be generated at the approximately 67MW Breach solar farm in Cambridgeshire.
Breach, which was acquired in June 2022, is currently in construction and is expected to become operational in the fourth quarter 2023.
The Breach solar farm will provide around 64GWh of energy every year to power 150 sites, which will cover 14% of Iceland Foods’ electricity needs for its UK stores.
This will reduce Iceland’s emissions by nearly 22,955 tonnes of CO2 a year, equivalent to removing 12,590 petrol cars and planting 112,592 trees every year.
Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc, commented: “We’re delighted to be partnering with Iceland Foods, a major British supermarket, through this corporate PPA.
“The Breach solar farm will provide enough energy for a significant portion of Iceland’s UK stores – showing the vital role that renewables play in accelerating businesses’ transitions to Net Zero.”