Powering Progress: Low Carbon and Lloyds Banking Group Join Forces for Renewable Energy Revolution!
In a groundbreaking move towards sustainability, Low Carbon has sealed a corporate power purchase agreement (PPA) with Lloyds Banking Group. Over the next decade, Lloyds will be purchasing a whopping 50GWh of clean electricity annually from Low Carbon, marking a significant step towards a greener future.
Where will this clean energy come from? Low Carbon’s Meadow Solar Farm in Hampshire and Pepperhill Solar Farm in Shropshire, UK, will be the powerhouses behind this transformation. Set to commence production in 2025, these solar farms will be instrumental in driving down carbon emissions, avoiding over 21,000 tonnes of CO2 each year!
EDF Business Solutions will be the driving force behind bringing this clean energy to market, ensuring that Lloyds Banking Group’s UK properties are powered by renewable sources.
Marco Verspuij, Head of Power Management at Low Carbon, emphasizes the importance of this partnership: “Transitioning away from fossil fuels to renewable energy by developing different finance options is critical if we are to make progress on tackling climate change.”
Dave Blott, Future Ways of Working Director at Lloyds Banking Group, echoes this sentiment: “We are committed to reducing the carbon emissions we generate through our own operations to help Britain prosper, and this PPA helps us realize this ambition.”
This collaboration not only accelerates Lloyds Banking Group’s transition to cleaner, renewable energy but also strengthens Low Carbon’s mission to deploy large-scale renewable infrastructure globally. Together, they’re paving the way for a brighter, more sustainable tomorrow! #RenewableEnergy #Sustainability #CleanEnergyFuture #SolarPower #CollaborationForChange
Credit: [Image: Low Carbon]