Three solar farms in the UK will provide the power for a virtual corporate power purchase agreement (VPPA) between NextEnergy Capital and part of the Goldman Sachs Group.

The three solar farms are all planned for delivery in 2023. Goldman Sachs said it would align with its UK electricity demand and support its commitment to source 80% of its renewable energy from long-term agreements by 2025.

NextEnergy Group has been focusing on the solar sector since it was founded in 2007. It operates three business units: NextEnergy Capital has invested in over 325 solar plants totalling 2.3GW, WiseEnergy is the group’s operating asset manager and Starlight is its development company, which is progressing a pipeline of 2.5GW of green and brownfield projects globally.
Ross Grier, UK Managing Director of NextEnergy Capital, said, “Corporate PPAs are a vital way for companies in all sectors to decarbonise and meet their climate change targets. We are delighted to be at the forefront of these developments and to partner with a leading global financial institution like Goldman Sachs.”