Atrato Supplies OVO with 50MW Solar Project
- Atrato Onsite Energy has signed a Power Purchase Agreement (PPA) with OVO Energy, providing a three-year revenue stream and delivering 49GWh of clean energy per annum and saving 9,500 tonnes of CO2 emissions. Atrato Partners, led by Gurpreet Gujral, is proud to be supplying one of the UK's largest electricity suppliers.
Atrato Onsite Energy has signed a Power Purchase Agreement (PPA) with OVO Energy for the 50MW Project Skeeby solar site in Richmond, Yorkshire. The PPA will provide Atrato with a three-year revenue stream at a set price, with fixed annual uplifts for the energy produced by Skeeby. The site is currently under installation with an expected energisation date of March 2024, and is expected to supply 49GWh of clean energy per annum to OVO Energy. This is equivalent to powering 17,000 UK homes or planting 380,000 trees, and will save 9,500 tonnes of CO2 emissions per annum. Gurpreet Gujral, managing director of Atrato Partners, said he was delighted to be supplying OVO, one of the largest electricity suppliers in the UK. The PPA provides optimum sensitivity to power price movements, as targeted when the company went public in April 2023.
What Benefits Does Atrato's PPA With OVO Bring?
- The PPA will bring Atrato a fixed three-year revenue stream, providing financial security.
- The project is expected to supply 49GWh of clean energy per annum, helping to reduce CO2 emissions by 9,500 tonnes per annum.
- The PPA also offers a fixed annual uplift, providing a boost to the revenue stream.
- The agreement with OVO Energy, one of the largest electricity suppliers in the UK, provides Atrato with additional exposure to new markets and customers.
- The PPA will provide Atrato with optimum sensitivity to power price movements, enabling them to better react to changes in the market.
