Atrato Onsite Energy PLC Project London Road update -- PPA signed
12 Juillet 2023 - 8:00AM
RNS Non-Regulatory
TIDMROOF
Atrato Onsite Energy PLC
12 July 2023
12 July 2023
LEI: 213800IE1PPREDIIZB62
Atrato Onsite Energy plc
(the "Company")
Project London Road update - PPA signed
Atrato Onsite Energy plc (LSE: ROOF), the investment company
focusing on clean energy generation announces that it has entered
into a Power Purchase Agreement ("PPA") for the electricity
generated by Project London Road ("London Road"). The 28MW solar PV
project in Wellingborough, Northamptonshire, has now reached its
financial close milestone. London Road was previously acquired, as
announced on 24(th) March 2023, and is currently under installation
with an expected energisation date in December 2023.
The PPA off-taker is Britvic Soft Drinks Limited ("Britvic"),
the FTSE 250 global soft drinks business behind iconic brands such
as Pepsi, Tango and Robinsons.
The project is expected to produce circa 33.3 GWh of clean
energy per annum, enough to energise 75% of Britvic's operations in
Great Britain. This will provide 6,500 tonnes of CO(2) emissions
savings a year, which is the equivalent of powering 11,500 homes or
planting 260,000 trees.
The PPA has a 10-year unexpired term at a fixed price with
annual CPI linked uplifts.
Gurpreet Gujral, Managing Director of Atrato Partners, the
Investment Adviser to the Company said:
"We are delighted to have partnered with Britvic, who are
responsible for some of the biggest consumer brand names in the UK.
This is a unique PPA which will provide energy on a pay as you
generate basis but delivered on a baseload basis that is consistent
with Britvic's needs".
ENQUIRIES
Atrato Partners
Gurpreet Gujral
Christopher Fearon +44 (0)77 959 75560
Berenberg
Gillian Martin
Ben Wright
Dan Gee-Summons +44 (0)20 3207 7800
Kaso Legg Communications atrato@kl-communications.com
Charles Gorman +44 (0)20 3995 6673
Charlotte Francis
Notes to Editors
Atrato Onsite Energy plc (LSE: ROOF) is an investment company
specialising in clean energy generation with 100% carbon
traceability. The Company focuses on UK commercial solar, helping
its corporate clients achieve net zero and reduce their energy
bills.
The Company aims to provides investors with attractive capital
growth and long dated, index-linked income, targeting a 5% dividend
yield and a NAV total return of 8 - 10%(1) . Its shares were
admitted to trading on the premium segment of the Main Market of
the London Stock Exchange on 23 November 2021. Atrato Partners
Limited is the Company's Investment Adviser.
Further information is available on the Company's website,
www.atratoroof.com .
(1) There is no certainty that these targets will be
achieved.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEAEXFFFSDEAA
(END) Dow Jones Newswires
July 12, 2023 02:00 ET (06:00 GMT)
Atrato Onsite Energy (LSE:ROOF)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Atrato Onsite Energy (LSE:ROOF)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024