NextEnergy Capital signs Corporate Power Purchase Agreement with Goldman Sachs

The VPPA with Goldman Sachs in the latest in a string of such agreements from NextEnergy Capital. Image: NextEnergy Capital.

NextEnergy Capital has signed a Virtual Power Purchase Agreement (VPPA) with Goldman Sachs in the UK, which will be delivered in 2023.

The VPPA will be powered by three solar assets in the United Kingdom, which will help the company reach its commitment to source 80% of its renewable energy from long-term agreements by 2025 and achieve net zero in its operations and supply chain by 2030.

Earlier this year, NextEnergy Capital announced a corporate PPA with the law firm DLA Piper for a 13MW solar asset to be built and operated in Somerset, England. 

Ross Grier, UK managing director of NextEnergy Capital said that corporate PPAs are an important way for companies to decarbonise and meet their climate change targets.

"We are delighted to be at the forefront of these developments and to partner with a leading global financial institution like Goldman Sachs. NextEnergy Group is a leading developer and asset manager in the solar sector and it is exciting to supplement our existing portfolio with an increasing number of these corporate PPAs.”