Nissan private wire PV project changes hands

Renewables investment trust Atrato Onsite Energy has acquired an onsite PV project designed to power Nissan’s Sunderland manufacturing plant.
Atrato will acquire 100% of the shares of Hylton Plantation Solar Farm Limited, the company set up to to develop the 20MWp system for Nissan, for £10.6 million.
Nissan has entered into a 20 year power purchase agreement (PPA) with the company on a 100% take-or-pay basis.
Atrato will complete the installation of the behind-the-meter private wire system, said to be one of the UK’s largest with 37,000 ground mounted panels, next to Nissan’s manufacturing facility.
Gurpreet Gujral, Managing Director of Atrato Partners, the investment adviser to the Company, said:”I’m very pleased to announce this transaction, which brings a great installation project into ROOF’s portfolio. We are working closely with the UK automotive industry to deliver further green energy initiatives and to help them on their path to net zero. This is one of the largest private wire solar projects in the UK and is a great example of how major UK manufacturers can benefit from ROOF’s low cost, traceable clean energy.”.

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