Solar modules. Featured Image: Jackiso/Shutterstock.com
Irish Bank Allied Irish Banks, or AIB Group Plc (ISE:A5G), has committed to buying electricity from two solar parks to be built by Dublin-based sustainable infrastructure investor NTR in Ireland's County Wexford.
The bank has signed a corporate power purchase agreement (PPA) that will see it procure the entire future output of the plants, estimated at around 21.4 GWh per year. The contract has a fixed price and will be in force for 15 years, NTR said on Monday.
To cover the supplies, NTR will build the two grid-connected photovoltaic (PV) parks at Enniscorthy and Gorey. They will generate electricity that is estimated to cover up to 80% of AIB Group’s electricity needs to service its retail and office network of over 270 sites.
The PPA supports the Irish lender's goal to source 100% of its power requirements from certified renewable energy sources by 2030.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.