LONDONMETRIC ADDS TWO PV ARRAYS TO ITS PORTFOLIO
30 August 2023
LONDONMETRIC PROPERTY PLC
LONDONMETRIC ADDS TWO SOLAR PV ARRAYS TO ITS PORTFOLIO
LondonMetric Property Plc ("LondonMetric") announces that, as part of its strategy to help occupiers progress their net zero carbon ambitions, it has facilitated the addition of two solar PV arrays at assets in Coventry and Bicester totalling 577 kWp.
At Coventry, 275 kWp of solar has been installed on a warehouse let to Aubrey Allen, a national food producer. The system will provide Aubrey Allen with c.25% of its annual energy needs.
At Bicester, 302 kWp will be installed later this year on a warehouse let to Greencore Homes, a builder of climate-positive homes. The SmartGrid system, which includes a 100kW/ 200kWh battery storage system, will be installed and operated by SNRG and is expected to meet c.40% of Greencore's annual energy needs.
These solar PV arrays are expected to save c.100 tonnes of CO2 emissions per annum and increase LondonMetric's total installed solar PV capacity to 4.2MWp.
Mark Stirling, Asset Director LondonMetric, commented:
"Our focus is on meeting occupier requirements in a rapidly evolving environment by working in partnership with them to ensure their longevity and commitment to our assets. We are increasingly engaging with our occupiers to help them deliver on their net zero carbon targets and reduce their energy costs.
"There are a number of challenges to installing solar PV but we are delighted to have worked in collaboration with Greencore Homes and Aubrey Allen to facilitate these two installations and we will continue to evolve our approach to deliver on further opportunities."
For further information, please contact:
LondonMetric Property Plc
Mark Stirling / Gareth Price
Tel: +44 (0) 20 7484 9000
FTI Consulting
Dido Laurimore / Richard Gotla / Andrew Davis
Tel: +44 (0) 20 3727 1000
About LondonMetric Property Plc
LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.
Further information is available at www.londonmetric.com
About SNRG
SNRG is accelerating the decarbonisation and electrification of both Residential and Industrial & Commercial projects across the UK. SNRG achieves this through its SmartGrid, a place-based power system utilising solar PV, battery storage and smart programming, to provide a reliable, cheaper electricity supply, connected to assets such as EV chargers and heat pumps. The SNRG SmartGrid overcomes major obstacles being experienced by developers, housebuilders and businesses, offering immediate solutions to upfront costs, grid constraints and short-term leases. Further information is available at oursnrg.com/explainer
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