Voltalia has officially inaugurated its largest solar park to date in the UK, which it has developed via a Corporate Power Purchase Agreement (CPPA) with local authority the City of London Corporation.
South Farm Solar Park has a total capacity of 49.9MW, the equivalent of more than half of the governing body’s electricity needs.
The project has been supported by Santander UK, which provided £25m funding to support its construction and operation.
Voltalia head of power sales Laurent Pillot said: “Signing a CPPA with the City of London Corporation has been an important milestone for Voltalia in the UK.
“The transition to green electricity is gathering pace globally, and the City Corporation is a leader: it has demonstrated the capacity of a public entity to take efficient and meaningful decisions to accelerate this trend.
“We are very proud to effectively deliver green energy to the City of London Corporation since the beginning of 2023 and we hope to continue to support City of London in their energy transition path.”
Deputy policy chairman and policy lead for sustainability at the City of London Corporation, 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.”