Tesco pens PPA deal for 5MW of rooftop solar

Tesco is to install around 5MW of rooftop solar PV across its UK site portfolio after penning a PPA agreement.

The supermarket giant has signed an agreement with SDCL Energy Efficiency Income Trust (SEEIT), which will provide financing for the sites.

It’s the second major solar announcement from Tesco this year. In January Solar Power Portal revealed that Tesco had turned to PV developer Push Energy and financier Macquarie to plot a major solar rollout programme that took in at least five sites across the UK.

Under the SEEIT deal, an initial tranche of 1MW is intended to be the first phase of around 5MW of rooftop solar, all of which fall under the framework agreement.

The deal will see Tesco enter into power purchase agreements with SEEIT for each individual site, and SEEIT will be responsible for the installation, operation and maintenance of each project.

Read more: Solar Power Portal

By |2019-06-24T17:54:02+01:00June 30th, 2019|News, Solar, Solar and Battery|
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