25-Year Solar Power Purchase Agreement Signed

Summary by AI BETAClose X

Active Energy Group Plc has secured a new 25-year Power Purchase Agreement valued at £0.83 million with Cambridge City Football Club, which will involve the installation and operation of a rooftop solar generation system expected to produce approximately 151,918 kilowatt-hours of electricity annually at a fixed discounted rate. This agreement aligns with Active Energy's strategy of acquiring long-term, revenue-generating solar assets and strengthens its portfolio with a community-focused partner, while Cambridge City Football Club anticipates reduced energy costs and a lower carbon footprint. The company is also in advanced discussions for additional sites, suggesting potential for further growth.

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