Twenty of the UK’s leading universities have struck a £50m deal to buy renewable energy directly from British windfarms for the first time.
The collaborative clean energy deal will supply electricity from wind farms across Scotland and Wales to universities including Newcastle University, University of Exeter and Aberystwyth University.
The landmark deal, known as a “power purchase agreement” or PPA, is the first time that public sector energy users have clubbed together to buy clean electricity.
The PPA was arranged by deal brokers at The Energy Consortium and Squeaky Clean Energy to fix the price of renewable electricity from a portfolio British windfarms for the next 10 years. Continue reading “Twenty UK universities have agreed £50m deal to buy renewable energy from British windfarms”