King’s Cross signed 15-year Virtual Power Purchase Agreement (VPPA) with Shawton Energy

King’s Cross has signed a 15-year Virtual Power Purchase Agreement (VPPA) with Shawton Energy to advance its renewable energy transition and support its goal of becoming a net-zero carbon estate by 2035.

The 15-year agreement will see the development of an 8.6MWp, 28-acre solar farm in Pembrokeshire – Point Lane Solar Farm. The farm’s 14,000 solar panels will supply approximately 40% of the King’s Cross estate’s electricity demand. Covering 67 acres and home to more than 41,000 residents, workers, and students, King’s Cross is recognized as one of the UK’s most sustainable urban developments. Through a VPPA, the estate will gain time-matched access to renewable electricity generated off-site, facilitated through a financial settlement mechanism.

Shawton Energy—50% owned by Lazard Asset Management—acquired the Point Lane Solar Farm in early 2025, following its 2023 planning approval. Under this agreement, Shawton Energy will develop, own, and operate the solar facility, supplying long-term, low-carbon energy to support King’s Cross’s decarbonization goals.