Liberty Global portfolio companies Egg Power and Virgin Media O2 have agreed a ten-year power purchase agreement (PPA) for the 49.9 MW Grange Solar Farm in Suffolk.
The solar power plant, which is scheduled to be operational in 2027, will provide approximately 5% of Virgin Media O2’s total energy supply. It is the second PPA the telecommunications company has signed as part of its commitment to only use renewable energy in locations where it controls the bill, following the signing of a PPA to source energy from a wind power plant owned by The Renewables Infrastructure Group in 2025.
Egg Power, a clean energy infrastructure investor in Liberty Global’s portfolio, acquired the rights to the 49.9 MW Grange solar power station in Suffolk late last year. The investor develops, builds, owns and operates energy projects and services.
The PPA announcement will come shortly afterwards egg Power secured £400m of debt financing from NatWest in January this year to support the 250MW pipeline of solar and wind energy projects.
Ilesh Patel, who heads up the Egg Power business at Liberty Global, said the deal is a “further endorsement of our mission to become the clean energy supplier of choice for telecoms and digital infrastructure providers in the UK”.
Vijay Chouhan, head of energy and carbon at Virgin Media O2, will speak on a keynote panel ‘The PPA Pricing Reset: What It Means for the UK & Ireland’ at the Summit on the purchase and income of renewable energy sources in London later this month.
Chouhan will speak alongside industry representatives on the agenda, who are best placed to advise on operating amid increasing market pressure and tender complexity.
View the agenda for the Renewables Procurement and Revenue Summit, on May 20 and 21 in London, for more information. Buy tickets before they run out.
