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Gloucestershire Business News

EDF agrees deal to grow renewable power

EDF Energy's plans to grow its renewable energy capacity has taken a step forward with a new deal with Octo Energy.

EDF Renewables UK has agreed the partnership to identify hybrid solar and battery storage projects which will deliver 200 MW of power.

Octo will work with landowners and farmers looking to diversify into energy with EDF leading production on the dual-use sites.

EDF, which has its UK base in Barnwood, plans to increase its installed renewable energy capacity from 28GW to 50GW by 2030.

Director of solar and onshore wind development Mark Vyvyan-Robinson said: "We are regularly looking at innovative ways to invest in solar to expand our existing 1GW portfolio in the UK and this is an exciting new partnership for us.

"We are pleased to be working with Octo Energy to find these new hybrid sites and we look forward to working closely with local communities as we seek to make them a reality.

"These projects will enable us to contribute to the UK's green economic recovery from COVID-19 and help the country reach its net zero targets."

The partnership will contribute to EDF's Electricity Storage Plan with the target of being the European leader with 10GW of additional storage by 2035.

Octo Energy managing director Nathan Welch said: "Octo Energy's partnership with EDF Renewables marks a significant milestone and a real statement of intent from a world leading renewable energy company.

"Our goal is to leverage Octo Energy's development expertise with EDF Renewable's global reach across the entire energy chain in order to deliver 200MW of low cost, low carbon renewable electricity through innovative and transformative projects."

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