JBM Solar Closes Deal with Vantage RE to Power 37,000 Homes with Renewable Energy
JBM Solar has successfully closed a deal with Vantage RE to sell two solar energy projects. The combined capacity of the projects is 102MWp, and they are designed with 65MWac of battery storage. Upon activation in early 2024, the solar energy produced will power over 37,000 homes and reduce carbon dioxide emissions by 2 million tonnes over the life of both developments.The Eastfields location is Deppers Bridge, Warwickshire and is engineered with a single-axis tracking system to maximize daily production. Bunkers Hill is situated near Hook in Hampshire. JBM Solar was dedicated to involving local communities throughout the process, and post-development there will be trusts set up for each site to help fund local initiatives.At the most recent Contract for Difference Allocation Round 4, Eastfields and Bunkers Hill were two out of eight JBM Solar projects awarded contracts at an agreed price of £45.99 per MWp/h. This accomplishment is apart of JBM Solar’s goal to have a total grid-secured portfolio on 3GWp by 2025. Commenting on the venture Brendan O’Brien from JBM Solar said: “We’re pleased to finalize this sale as it exemplifies our professionality in providing quality renewable energy solutions with long term financial sustainability benefits for all parties involved. We are excited to meet Vantage RE’s renewable energy goals as well.
Summary
- JBM Solar has completed the sale of two solar projects to Vantage RE.
- The two consented projects have a combined capacity of 102MWp and are co-located with 65MWac of battery storage.
- Set to energise in early 2024, they will generate enough clean energy to meet the equivalent annual needs of over 37,000 homes and save over 2m tonnes of CO2 compared to fossil fuel generation over the lifetime of the projects.
What is the combined capacity of the two solar projects sold to Vantage RE?The combined capacity of the two solar projects sold to Vantage RE is 102MWp.
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