Real estate company The RO Group announced yesterday that it has gained planning consent for a 5MW solar park on 20 acres of land at Potash Farm, located to the west of Milton Keynes.
The Group’s new energy arm, RO Energy, will own the entire solar park asset and will trade the power that is generated from it.
Over time RO Energy will look to expand its solar interests as the right opportunities present themselves.
RO launched its new energy arm to ensure that the Group acts responsibly in managing its ESG impact.
Edward Rowlandson, Group Managing Director, the RO, said: “We are incredibly proud to be launching a clean energy company, which reflects our group commitment to helping shape a more sustainable future and reducing our carbon footprint.
“The launch comes at a time when the UK is looking to rely on renewables more than ever for a multitude of environmental, economic, and geopolitical reasons. Although still very modest in size this initiative complements other group wide sustainability initiatives.
“Once built, our new facility at Potash Farm is expected to generate enough electricity for more than 1,800 homes, resulting in a reduction of more than 2,300 tonnes of carbon emissions per year.
“It will therefore constitute a very tangible and significant commitment to our Group’s wider carbon reduction strategy and we hope to grow the business over time.”
Image: Potash Farm, Buckinghamshire (Credit: RO)
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