In the latest move to buy renewable energy from British windfarms, 20 of UK’s leading universities have initiated a £50m deal for the first time in history.
Based on the collaborative clean energy deal, it will boost the supply of electricity from wind farms across Wales and Scotland to universities. Some of these include University of Exeter, Aberystwyth University and Newcastle University.
This significant deal is known as “power purchase agreement” or PPA and determines the first time where energy users from the public sector are buying clean energy.
The PPA was organized by deal brokers at the Energy Consortium and also by Squeaky Clean Energy to claim price for renewable electricity from significant British windfarms for the coming 10 years.
The PPA was described as a “groundbreaking deal” by Richard Murphy, the managing director of The Energy Consortium. He added it would help universities to reduce their carbon emissions.
With regards to the deal, James Rolfe, the chief operating officer at Anglia Ruskin University said through the deal the university joined other universities in addressing climate emergency. “To support this commitment we aim to source all of our electricity from zero carbon sources by 2025, and this power purchase agreement makes a significant contribution towards this goal whilst delivering financial savings and budget stability.”