Irish banking group AIB has signed a corporate power purchase agreement (CPPA) with NTR for energy generated from two solar farms in County Wexford to be constructed. AIB says it is the first Irish company to conclude such an agreement, part of plans to source 100% of its power requirements from certified renewable energy sources by 2030. The agreement provides the bank with a secure energy supply at a fixed price for 15 years.
The two solar farms at Enniscorthy and Gorey will together produce 21.4GWh – up to 80% of AIB Group’s electricity needs in its 270 retail and office properties.

AIB CEO Colin Hunt said: “Sustainability is a key strategic priority for AIB as we seek to help protect our fragile planet from the devastating impact of climate change by reducing our own carbon footprint and helping our customers to do the same. We are delighted to partner with NTR on this innovative project to enable two new solar farms to be built in Ireland, guaranteeing that the electricity we use to power AIB’s own operations will be certified to a fully traceable renewable solar energy source.’’

NTR CEO Rosheen McGuckian said: “Corporate PPAs such as this are an integral part of the solution to drive the clean energy transition across our European markets, but it is particularly gratifying to sign a PPA in our home market with AIB who is leading the charge for Irish companies in embracing this way to access clean affordable power. ”