Lightsource BP Locks In 15-Year Solar PPA In UK

British Brick Maker To Source 50 GWh Solar Power Annually To Ensure Energy Price Stability

Lightsource BP Locks In 15-Year Solar PPA In UK

For Forterra, the deal with Lightsource bp provides it lock-in price certainty and enables it cut down emissions as it targets net zero, the company stated. (Photo Credit: Lightsource bp)

  • Lightsource bp says it has signed a 15-year PPA for 50 GWh annual solar power capacity in the UK
  • Brick manufacturer Forterra has signed up to receive this amount of solar energy for its new £95 million fab
  • For the brick maker, this deal cushions it from volatile energy prices in Europe while providing stability of supply

British solar developer Lightsource bp has secured a 15-year power purchase agreement (PPA) for 50 GWh annually with local building products manufacturer Forterra for the latter’s new brick factory providing its price stability and security.

Forterra’s new state-of-the-art brick production factory will cost an investment of £95 million which will take boost its overall production by 22%. It sees the PPA with Lightsource bp as providing lock-in price certainty and value with renewable energy, against the backdrop of rising energy costs in Europe.

It brings the company greater visibility and reduces risks associated with volatile energy prices and limited supply as it targets an emissions reduction of 32% by 2030, over 22% reduction it has already achieved in 2010-19.

“This agreement will provide us with price security and stability alongside the clear sustainability benefits,” said Forterra Chief Executive Stephen Harrison. “It sees us make tangible progress in the race to net zero. Rather than relying on green energy generated by others, we are actually investing in a dedicated source of renewable energy generation…”

In July 2022, Lightsource bp secured a 15-year PPA in Brazil with an independent energy trader called America Energia for its 210 MW Milagres Solar Plant (see Latin America PV News Snippets).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.

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