Atrato Onsite Energy plc announced that it has entered into a Power Purchase Agreement ("PPA") for the electricity generated by Project London Road ("London Road"). The 28MW solar PV project in Wellingborough, Northamptonshire, has now reached its financial close milestone. London Road was previously acquired, as announced on 24th March 2023, and is currently under installation with an expected energisation date in December 2023.

The PPA off-taker is Britvic Soft Drinks Limited ("Britvic"), the FTSE 250 global soft drinks business behind iconic brands such as Pepsi, Tango and Robinsons. The project is expected to produce circa 33.3 GWh of clean energy per annum, enough to energise 75% of Britvic's operations in Great Britain. This will provide 6,500 tonnes of CO2 emissions savings a year, which is the equivalent of powering 11,500 homes or planting 260,000 trees.

The PPA has a 10-year unexpired term at a fixed price with annual CPI linked uplifts.