egg Group Acquires 50 MW Rag Lane Solar Farm in Gloucestershire from BayWa r.e.
egg Group, through its egg Power holdings platform, has acquired the 50 MW Rag Lane solar farm in Gloucestershire from BayWa r.e. The ready-to-build UK solar project will begin construction in early 2025 and support Liberty Global’s power demand via corporate PPAs.
Transaction date: · Source: libertyglobal.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 50 MW
- Transaction price
- Not disclosed
- Buyer
- egg Power (Liberty Global)
- Seller
- BayWa r.e.
- Country
- United Kingdom
- Region
- Gloucestershire, England
- Location
- Rag Lane, outside Bristol
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- Yes
Technology details
The project is a 50 MWp ground-mounted solar photovoltaic farm. Construction is scheduled to begin in early 2025, with commercial operation expected in Q4 2025.
Power purchase agreement (PPA)
Corporate Power Purchase Agreements supplying renewable electricity to Liberty Global’s operating companies and affiliates in the United Kingdom.
Additional information
Rag Lane solar farm is the first acquisition by egg Power holdings, part of Liberty Global’s energy transition platform, egg Group. Once operational, the project will generate enough renewable electricity to power around 15,000 homes and supply approximately 5% of Liberty Global’s UK operating company and affiliate power demand. The project was developed by BayWa r.e. in a joint venture with Grüne Energien Solar (GE) and includes continued agricultural land use with sheep grazing, biodiversity enhancements and community benefit packages.
Source
Original announcement: https://www.libertyglobal.com/egg-group-acquires-uk-solar-farm-from-baywa-r-e/