Multinational telco firm Liberty Global’s energy transition platform egg Group has acquired the project rights to the Rag Lane solar farm in Bristol, UK, from renewable energy company Baywa r.e.

The 50MW planned solar installation is the first acquisition by egg Group’s clean energy infrastructure investment vehicle, egg Power Holdings.

The project is ready to build, with construction expected to commence in early 2025 and a prospective operational date in Q4 2025.

The company aims to use the capacity of the solar farm to decarbonize its energy footprint, ensuring that a large part of the energy consumed by its operating companies is supplied by its renewable energy infrastructure.

“The Rag Lane solar farm represents a key milestone in our journey towards a greener future, and we look forward to the positive impact it will have on our energy footprint, meeting the needs of our customers, and laying our pathway towards net zero,” said Ilesh Patel, lead at egg Power.

The project was developed by BayWa r.e as part of a joint venture with Grϋne Energien Solar. Rag Lane will maintain agricultural use of the land through sheep grazing while enhancing biodiversity and ecological connectivity, the company said.

“We are pleased to announce this transaction with Liberty Global, a partner who shares our long-term vision for sustainable sources of clean energy,” said Christine McGregor, managing director at BayWa r.e. UK.

Liberty Global is a British-Dutch-American multinational telecommunication firm. It is the parent company of telco Virgin Media O2 and Edge data center provider AtlasEdge.

In November, it completed the spin-off of its Swiss business, Sunrise. Sunrise, which is the second-largest telco in Switzerland, was taken off the stock market by Liberty Global back in 2020 when the company acquired it.