Solar developer NextEnergy Capital has signed a virtual corporate power purchase agreement with part of the Goldman Sachs Group.

The deal includes power from three solar assets in the United Kingdom, all planned for delivery in 2023.

This renewable capacity will align with Goldman Sachs’ UK electricity demand and support its commitment to source 80% of its renewable energy from long-term agreements by 2025. 

Ross Grier, UK managing director of NextEnergy Capital, added: “Corporate PPAs are a vital way for companies in all sectors to decarbonize and meet their climate change targets.

“We are delighted to be at the forefront of these developments and to partner with a leading global financial institution like Goldman Sachs.

“NextEnergy Group is a leading developer and asset manager in the solar sector and it is exciting to supplement our existing portfolio with an increasing number of these corporate PPAs.”