Britvic, the FTSE 250 global soft drinks business, has partnered with Atrato Onsite Energy to power iconic brands such as Robinsons and Tango with renewable energy. The 10-year Power Purchase Agreement (PPA) will see a new solar installation in Northamptonshire generate 33.3 GWh pa of clean energy, equivalent to powering 11,500 homes or planting 260,000 trees.
The energy generated will be enough to power 75% of Britvic’s current operations in Great Britain, including its Beckton and Leeds factories. This is part of the company’s commitment to achieving net zero carbon emissions by 2050 and to make a positive contribution to society.
“This deal represents a significant milestone for Britvic as we continue to partner with home-grown renewable energy projects to power our business,” said Matt Swindall, Chief Procurement Officer at Britvic.
The PPA was developed by Squeaky Clean Energy, with legal advice from Burges Salmon. Atrato has fully financed the solar installation, which is expected to be commissioned in early 2024.
“Our highly innovative PPA structure provides Britvic with a consistent source of renewable energy that matches their electricity needs,” said Gurpreet Gujral, Managing Director and Head of Renewable Energy at Atrato.
Chris Bowden, Managing Director of Squeaky Clean Energy added: “Having pioneered the use of corporate PPAs in the UK it has become abundantly clear that new and innovative contracting structures are needed to accelerate the transition to clean energy.”
Britvic has made significant investments in renewable energy sources since 2018, reducing their direct carbon emissions by 34% and generating 57% of its energy needs from renewable sources in 2022.
Ross Fairley, Head of Renewable Energy at Burges Salmon, said: “We are really pleased to have been asked by Atrato to advise on this corporate PPA. This is a further innovation which will help renewable generators and those corporates working towards Net Zero.”
Britvic, a FTSE 250 global soft drinks business, has partnered with Atrato Onsite Energy to power iconic brands such as Robinsons and Tango with renewable energy. The 10-year Power Purchase Agreement (PPA) will see a new solar installation in Northamptonshire generate 33.3 GWh pa of clean energy, enough to power 75% of Britvic’s current operations in Great Britain.
The innovative PPA, developed by Squeaky Clean Energy with legal advice from Burges Salmon, has underwritten the Atrato’s investment into this solar project. Atrato has fully financed the solar installation, which is expected to be commissioned in early 2024.
Matt Swindall, Chief Procurement Officer at Britvic, said: “This deal represents a significant milestone for Britvic as we continue to partner with home-grown renewable energy projects to power our business.”
Gurpreet Gujral, Managing Director and Head of Renewable Energy at Atrato, added: “Our highly innovative PPA structure provides Britvic with a consistent source of renewable energy that matches their electricity needs. This project exemplifies our commitment to providing long term and attractively priced clean energy to our clients.”
Chris Bowden, Managing Director of Squeaky Clean Energy, said: “Having pioneered the use of corporate PPAs in the UK it has become abundantly clear that new and innovative contracting structures are needed to accelerate the transition to clean energy.”
Britvic, a FTSE 250 global soft drinks business, has partnered with Atrato Onsite Energy to power iconic brands such as Robinsons and Tango with renewable energy. The 10-year Power Purchase Agreement (PPA) will see a new solar installation in Northamptonshire generate 33.3 GWh pa of clean energy, enough to power 75% of Britvic’s current operations in Great Britain.
Matt Swindall, Chief Procurement Officer at Britvic, said: “This deal represents a significant milestone for Britvic as we continue to partner with home-grown renewable energy projects to power our business. The 10 year deal also establishes stability, enabling us to plan more efficiently over the coming years. In short, it’s great for our Healthier Planet sustainability ambitions, and great for the business.”
The innovative PPA, developed by Squeaky Clean Energy with legal advice from Burges Salmon, has underwritten the Atrato’s investment into this solar project. Atrato has fully financed the solar installation, which is expected to be commissioned in early 2024.
Gurpreet Gujral, Managing Director and Head of Renewable Energy at Atrato, said: “We are thrilled
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.