UrbanChain has signed the first generation power purchase agreement within its private energy market, supporting the development of a new solar asset and advancing low-carbon electricity supply for UK industry.
The agreement with Black Torrington Solar Ltd covers an 8MW solar project in Devon, expected to generate around 9GWh annually and become operational by summer 2026.
The deal demonstrates how alternative market structures can unlock renewable investment without subsidies, improving access to clean power while reducing emissions linked to industrial energy use.
A UK financial institution is providing project finance, with Eden Sustainable Power structuring, owning and operating the asset to ensure long-term delivery.
Electricity generated will be directly matched to industrial demand via UrbanChain’s platform, aligning supply and consumption to improve system efficiency and reduce reliance on fossil fuels.
Dr Somayeh Taheri, CEO, UrbanChain said:“This agreement shows that a private energy market can create the structural conditions for new renewable assets to be financed while giving industry long-term price stability. That combination is essential if new renewable generation is going to be built at scale.”
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