Shawton Energy will offer the renewable energy credits for the development of the King’s Cross mixed use in Central London through a 15-year-old Virtual Power Purchase Agreement (VPPA).
The agreement includes the development of an 8.5 MWp solar energy plant in Pembrokeshire, Wales, the Point Lane Solar Farm. Due to the location of the King’s Cross site, direct access to a large source of renewable power generation is not possible.
As such, Shawton has agreed a VPPA, which means that the King’s Cross Estate will pay for the energy generated on the site, but the electricity that it receives from the grid may not have been generated on Point Lane; With the VPPA, King’s Cross Estate is able to almost access the time-matched renewable electricity through a financial regulation of off-site generation.
The VPPA comprises approximately 40% of the electricity story of the King’s Cross Estate.
Jamie Shaw, CEO of Shawton Energy, said that this is the first VPPA of the company, and that the agreement “emphasizes the growing business demand for long-term, cheap renewable power”, which the company wants to offer, even for “those in dense city locations where on-site generation is not an option”.
Shawton took on the Zonne factory In the ready-made (RTB) phase in February of this year, from developer One Planet.
The company has previously focused on PPAs for commercial implementation on the roof, designing, development, development, financing and managing Solar PV on the roof for its partners.
It Work together with the Co-op Group Under this model in April 2025 and a similar Agreement with Health and Wellness Club -operator The Bannatyne Group. According to the Bannatyne group, the installations, which consist of 967 panels and 11 inverters at eight locations in the UK, have already delivered “important” energy savings.
