Better Energy financial institutions solar PPA with Centrica

• 10-year offer will certainly see two parks constructed to provide 122GWh per year

Centrica Energy Trading has participated in a 10-year solar PPA with Better Energy for a total amount of 112GWh per year.

Under the arrangement Centrica will offtake power from 2 brand-new solar parks as well as add brand-new green energy to the European power grid.

The two brand-new solar parks will certainly be established by Better Energy as part of the contract.

Better Energy has developed several solar parks in Denmark without state aids, and the new agreement reaffirms that solar power can compete with the cheapest energy resources in Northern Europe, according to the firm.

The two new Better Energy solar parks are anticipated to produce 112 GWh per year (equivalent to the power consumption of 70,000 Danish houses) and this result will certainly be handled and also traded by Centrica in the following decade.

Better Energy's executive vice head of state for power options Peter Munck Søe-Jensen said: "The world will certainly have a huge requirement for renewable resource in the near future.

" Therefore, it is essential that both corporations and also energy product investors focus on added energy today.

" By committing to getting power from solar parks under development, Centrica ensures that brand-new green energy is added to the European power grid.

" To get to both short-term as well as long-term European environment goals, we require to expand solar energy-- quickly-- and also our handle Centrica is an important action in the appropriate instructions."

Centrica's supervisor of route-to-market & property monitoring Kristian Gjerløv-Juel stated: "The sustainable PPA deal in between Centrica and Better Energy is an excellent instance of renewables taking on standard power production and also delivering green energy to European customers.

" Likewise, the arrangement showcases that subsidy-free solar park advancement is possible.

" We still require extra, yet this is a great project.

" The arrangement highlights our commitment to playing an energetic role in Europe's green change in the direction of a CO2-neutral future."