Axpo inks UK solar offtake

Jun 17, 2021 12:30 PM ET
  • 10-year set price PPA is for 100% of the electricity created by Voltalia's 7.2 MW Tonge PV park in Kent
Axpo inks UK solar offtake
Image: Unsplash/Sungrow

Axpo as well as Voltalia have actually authorized a power acquisition contract (PPA) for a UK solar park.

Under the terms of the 10-year fixed rate PPA Axpo UK will certainly acquire 100% of the electricity, Renewables Obligation Certificates (ROCs) as well as Renewable Energy Guarantees of Origin (REGOs) from Voltalia's 7.2 MW Tonge solar park near Sittingbourne, in Kent, England.

The offer covers the period out to 2031, supplying Voltalia with the certainty of fixed-price earnings streams for its power as well as associated commodities over the long-lasting.

Axpo will obtain carbon-free solar power and also renewable certificates which will better boost its placement as a leading investor as well as provider of renewable electricity in the UK market.

Axpo UK elderly begetter Ross McHardy claimed: "Axpo is a well established service provider of ingenious risk management remedies within the power value chain including the stipulation of long-term pricing and also trading of certificates.

"We are pleased to shut this brand-new PPA with Voltalia; building on both firms' wholesale power trading connection across Europe.

"This PPA increases the existing Axpo portfolio, allowing further advertising of lasting, set price, eco-friendly energy to our clients".

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