Corporate Power Purchase Agreement for Renewable Energy Supply to the University of Manchester
UNIVERSITY OF MANCHESTER · Awarded contract
AwardedCorporate Power Purchase Agreement for Renewable Energy Supply to the University of Manchester
Awarded 31 Mar 2024
Awarded31 Mar 2024
Value£75,000,000.00
SupplierNTR Renewables Investment Ltd
AgencyUNIVERSITY OF MANCHESTER
RegionNorth West
CategoryEnergy & Environment
Expires in 7y 5mo10y term, 26% elapsed
Awarded 31 Mar 2024Expires 30 Mar 2034
About
The University of Manchester awarded a contract to NTR Renewables Investment Ltd for a Corporate Power Purchase Agreement (CPPA) to supply renewable energy to its campus.
The agreement supports the University's goal of sourcing 100% renewable electricity while contributing to the development of new renewable generation in Great Britain.
The CPPA covers the purchase of 50-60 GWh of power per annum from wind and/or solar projects, which must meet the 'Additionality' criteria set by the Department for Environment, Food and Rural Affairs, meaning the projects are pre-construction and the University's offtake substantively contributes to their financial close.
The contract value is £75,000,000.
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Corporate Power Purchase Agreement for Renewable Energy Supply to the University of Manchester
Won by NTR Renewables Investment Ltd · UNIVERSITY OF MANCHESTER
£75.0Mawarded
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