Pennon purchases three solar projects

Pennon Group, through its subsidiary Pennon Power, has acquired three solar photovoltaic projects for development in Buckinghamshire, Aberdeenshire and Cumbria.

The sites are expected to generate 95GWh a year when they come on stream in 2025. The acquisition and expected build costs total £85m.

Chief executive of Pennon Group Susan Davy, said: “Today’s announcement is an important next step in executing Pennon’s growth strategy and in boosting the renewables pillar of our Net Zero plans. Additionally, the projects bolster Pennon’s energy security and resilience by reducing exposure to future volatility in wholesale power markets.”

Added to its existing renewable portfolio, the projects are expected to take the group’s total self-generation capacity to around 40% of its electricity usage, bringing us closer to its 50% target.