Transport for London inks private wire solar deal with SSE Energy Solutions
Transport for London (TfL) signed a private wire deal with SSE Energy Solutions to receive up to 65,000 MWh of electricity per year from new solar installations, covering around 4% of TfL's annual electricity consumption.
Counterparts (2)
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- Private wire PPA structure for direct energy supply.
- Major public sector off-taker (TfL) securing renewable energy.
- Significant renewable energy supply of up to 65,000 MWh/year.
- Involvement of a prominent energy developer (SSE Energy Solutions).
- Contribution to TfL's renewable energy integration goals.
Source Intelligence
The deal is a "private wire deal" where solar installations will be connected directly to TfL’s energy network, bypassing the local electricity grid. It will cover "around 4% of annual electricity consumption" for TfL. TfL's annual electricity demand is "roughly 1.6 TWh". TfL has a target of using "100% renewable sourced electricity across its operations by 2030" and is "committed to purchasing 70% of its total electricity through power purchase agreements (PPAs)". SSE Energy Solutions will "invest in, build, operate and maintain the projects". Quotes: - "The private wire deal could deliver up to 65,000 MWh of electricity per year" - "cover around 4% of annual electricity consumption for the UK capital’s single largest electricity user." - "With annual demand of roughly 1.6 TWh, TfL is the largest individual electricity consumer in London." - "TfL, which has set a target of using 100% renewable sourced electricity across its operations by 2030." - "TfL has committed to purchasing 70% of its total electricity through power purchase agreements (PPAs)" - "We’ll invest in, build, operate and maintain the projects, helping to decarbonize and manage price volatility while enabling potential savings for TfL"
"Transport for London (TfL) is taking solar underground in a deal with SSE Energy Solutions"
"Transport for London (TfL) is taking solar underground in a deal with SSE Energy Solutions"
Timeline
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