Midcounties Co-operative and Octopus Energy have launched Co-op Community Energy, a joint venture focused entirely on supporting renewable community energy projects across the country.
The intention to create the joint venture was announced when Midcounties and Octopus Energy signed a strategic energy partnership in August. The two companies have now created a stand-alone company and appointed a management team led by managing director Tom Hoines. He joins from Noble Green Energy, developers of renewable energy projects in the UK, where he was general manager.
The joint venture has secured five new power purchase agreements (PPAs) with hydro-electric sites operated by the National Trust across Wales. The new agreements take the number of sites supplying renewable energy to Co-op Energy customers to 79.
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