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NextEnergy Capital, a leading player in the global solar sector, is pleased to announce that it has signed a Virtual Corporate Power Purchase Agreement (“VPPA”) with part of the Goldman Sachs Group (“Goldman Sachs”).
Goldman Sachs will benefit from the VPPA which will be powered by three solar assets in the United Kingdom, all planned for delivery in 2023. This new renewable capacity will align with Goldman Sachs’ UK electricity demand and support its commitment to source 80% of its renewable energy from long-term agreements by 2025 on its way to achieving net-zero in its operations and supply chain by 2030.
Ross Grier, UK Managing Director of NextEnergy Capital, added, “Corporate PPAs are a vital way for companies in all sectors to decarbonize 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. NextEnergy Group is a leading developer and asset manager in the solar sector and it is exciting to supplement our existing portfolio with an increasing number of these corporate PPAs.”
NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector. Since its inception, it has been active in the development, construction, and ownership of solar assets across jurisdictions.
WiseEnergy® is NextEnergy Capital Group’s operating asset manager. WiseEnergy is a leading specialist operating asset manager in the solar sector. Since its founding, WiseEnergy has provided solar asset management, monitoring, and technical due diligence services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 2.2GW.
Starlight is NextEnergy Group’s development company that is active in the development phase of solar projects. Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management, and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments, and individuals.