NTR signs with AIB Irish Solar PPA

NTR signed a Corporate Power Buy Agreement (CPPA) with Irish bank group AIB to buy energy through two PV farms NTR will build in County Wexford. 

Enniscorthy and Gorey solar farms will produce 21.4GWh of renewable energy plugged into the Irish grid.

It could provide as much as 80% of AIB Group’s power required to run its office and retail network comprising more than 270 properties. It also adds a welcome boost in capacity for generation into a national grid when the country is confronted with energy supply issues. 

AIB was the very first Irish firm to sign an agreement. This will allow it to fulfill its pledge to certify all its power requirements from renewable energy sources by 2030. 

Additionally, it will aid in the implementation in the direction of the government of Ireland’s Climate Action Plan, which has set a goal of 15% of energy demand being fulfilled through renewable generators that are contracted under CPPAs until 2030. 

The agreement will also ensure that the bank will have a sustainable and reliable energy supply at a fixed cost over 15 years. 

NTR Chief Executive Officer Rosheen McGuckian stated that Corporate PPAs such as this are a vital element of the process to fasten the transition to clean energy across all European markets. So, it is particularly satisfying to sign a PPA within our market with AIB, leading the way for Irish businesses to embrace this approach to gain access to cheap and clean power. 

AIB’s obligation to maintainability is plain, and we’re glad to work with them to help them accomplish their goal. 

AIB President Colin Hunt said that sustainability is a top strategic goal for AIB as they strive to protect our planet from the catastrophic effects of climate change by cutting our carbon footprint while aiding our customers in doing the same. 

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