Burges Salmon advises Atrato on innovative new form of corporate PPA with Britvic
The Renewable Energy team from independent UK law firm Burges Salmon has advised leading solar energy provider Atrato Onsite Energy on its partnership with Britvic, the FTSE 250 global soft drinks business, to deliver clean energy to Britvic via an innovative 10-year PPA, developed by Squeaky.
Atrato will supply Britvic with solar electricity that is commercialised on a pay-as-you-generate basis but is delivered on a baseload basis that is consistent with the consumption needs of the company - described as "a real innovation in the corporate PPA market."
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The Burges Salmon team advising on the deal was led by the firm’s Head of Renewable Energy Ross Fairley, alongside associate Charlotte Robinson.
Ross said: “We are really pleased to have been asked by Atrato to advise on this corporate PPA. We have been involved in developing the different corporate PPA models from the early days and this is a further innovation that will help renewable generators and those corporates working towards Net Zero.”
Gurpreet Gujral, Managing Director and Head of Renewable Energy at Atrato adds: “We are thrilled to enter into this new corporate PPA with Britvic. Our highly innovative PPA structure provides Britvic with a consistent source of renewable energy that matches their electricity needs.
"This project exemplifies our commitment to providing long term and attractively priced clean energy to our clients. Following an award-winning IPO, Atrato has become the ‘go to’ corporate clean energy provider.
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"Ross and the Burges Salmon team have supported us on all of our recent transactions in the renewable sector and we are, as ever, extremely grateful for their expert advice and excellent client service.”
The transaction is the latest in a string that Burges Salmon has advised Atrato on following a trio of renewable energy projects in April 2023, the expansion of its solar portfolio in September 2022 and in July 2022 on its £10.6 million acquisition of Hylton Plantation Solar Farm Limited.
