ElectroRoute, a leading energy trading and services company, and Low Carbon, a renewable energy company and the UK’s leading developer of large-scale solar, have announced the signing of four balancing Power Purchase Agreements (PPAs).
The agreements will provide a route-to-market and trading solution for four solar projects in the UK with a combined capacity of approximately 140 MW, which includes Birch Solar Farm (40 MW); Sandon Brook Solar Farm (49.9 MW); Fern Brook Solar Farm (30 MW) and Long Meadow Solar Farm (18 MW).
The solar projects, owned and operated by Low Carbon, mark a significant step in the expansion of ElectroRoute’s renewable energy portfolio in in the UK. Under the terms of the agreements, ElectroRoute will deliver 24/7 market access and trading services to optimise the output of the solar assets, ensuring the efficient delivery of clean energy to the grid.
Once operational, the solar projects will collectively generate enough renewable electricity to power nearly 50,000 homes annually, further supporting the decarbonisation of the UK energy sector and its ambitious climate targets.
Commenting on the announcement, Brian Kennedy, Head of Client Origination at ElectroRoute, said:
'We are thrilled to partner with Low Carbon on these four solar projects, which will contribute significantly to the UK’s renewable energy capacity. These PPAs reflect ElectroRoute’s commitment to supporting the energy transition in Great Britain and providing bankable solutions to renewable energy developers.
'Our collaboration with Low Carbon is a testament to the trust placed in ElectroRoute’s expertise in energy trading and risk management. As we continue to expand our footprint in Great Britain, we look forward to enabling more renewable energy projects to achieve their full potential and contribute to a net-zero future.'
Head of Power Management at Low Carbon, Marco Verspuij, added:
'To meet our decarbonisation targets in the 2030s, renewables must become the cornerstone of energy production in the UK. Innovation has an essential role to play, especially when it comes to unlocking the full potential of different clean energy technologies. Forging partnerships with industry leaders, like ElectroRoute, is critical in that regard helping ensure 24/7 market access and trading services for our assets, as we continue to make significant progress in decarbonising the UK grid.'
Source: Low Carbon
