16th Feb 2023 12:20
Atrato Onsite Energy PLC - London-based renewable energy investment trust - Signs new power purchase agreement with Tesco PLC. Says the agreement will last 20 years and is for a 370 kilowatt 'peak' rooftop solar project on a supermarket site in Thetford, Norwich. The installation is due to commence in the second quarter of 2023. Following this installation, the company will have 19 operating rooftop solar photovoltaic systems on Tesco supermarket sites across the UK.
Also says it has been selected as a provider of similar arrangements to Tesco under the next phase of its solar PV roll out across its supermarkets and distribution centres. Initially expects to deliver solar PV projects at up to 20 sites as the first step under this new framework. Taking into account this new Tesco framework agreement, the company now has a total pipeline of 69 Tesco solar development projects.
Current stock price: 97.00 pence, up 3.9% in London on Thursday around midday
12-month change: down 8.7%
By Sophie Rose, Alliance News reporter
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