Vantage RE at the moment owns and operates one of many largest photo voltaic portfolios within the UK. This newest acquisition brings Vantage RE’s photo voltaic portfolio to 467 MW. The transfer marks the growth of the corporate’s actions into undertaking growth and the continued greening of power era for its proprietor Tenaga Nasional Berhad (TNB).
The 2 photo voltaic farms, not too long ago acquired from photo voltaic developer JBM, are in Warwickshire and Hampshire. With a mixed capability of 102 MW, the websites will generate sufficient clear renewable power to satisfy the equal annual demand of greater than 37,000 properties and save greater than 46,750 tons of CO2 per 12 months in comparison with fossil fuels. gasoline era.
Along with neighborhood funds to assist native initiatives, the 2 websites are designed to supply a mean Biodiversity Internet Acquire of over 50 %. These environmental initiatives additionally assist TNB’s broader biodiversity agenda. By guaranteeing that photo voltaic farms are constructed and managed in accordance with the suggestions, the communities and biodiversity neighboring the initiatives will profit.
“We’re excited to announce our partnership with Belectric, considered one of Europe’s most skilled photo voltaic EPC contractors” mentioned Charmaine Chin, Director (Enterprise Growth) at Vantage RE. “We sit up for working with them to ship high-quality environment-friendly photo voltaic initiatives, and including to our quickly rising portfolio as we proceed to play a number one function within the UK’s power transition.”
Development is predicted to start in 2023, and native communities might be notified upfront when the dates are confirmed. The 2 photo voltaic farms might obtain business operation in early 2024 and supply steady long-term earnings below a 15-year Contract-for-Distinction (CfD) scheme awarded in July 2022 The CfD scheme is the UK authorities’ principal mechanism for supporting low-carbon electrical energy era and can assist speed up the UK’s ambition to achieve net-zero emissions by 2050.
Solar energy is now one of many most cost-effective sources of electrical energy era within the UK. These initiatives enhance power safety, deal with local weather change and scale back payments. Seeking to the longer term, Vantage RE goals to increase its renewable power portfolio into Europe.
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