Engie Inks Decade PPA for 235MW UK Solar

• Metlen inks 10-year PPA with Engie for 235‑MW UK solar portfolio, locking long‑term sales as Engie secures fresh contracted renewables for British customers.

Metlen Energy & Metals (ATH: MYTIL) signed a 10‑year power purchase agreement with Engie SA (EPA: ENGI) for the offtake of electricity from a 235‑MW portfolio of six UK solar photovoltaic sites. The contract secures long‑term sales for Metlen and supplies Engie with contracted renewable power in the UK.

The PPA covers generation from new solar assets developed by Metlen in Britain, aggregating capacity to enhance financing visibility and hedging. Engie adds the volumes to its UK customer and trading books under a decade-long term. Financial terms and commissioning timelines were not disclosed by the companies and remain undisclosed publicly.

Does the PPA include floor pricing, REGO treatment, and balancing responsibility allocations?

• Floor pricing: Not disclosed. No confirmation of a minimum price, cap, or indexation structure.
  
• REGO treatment: Not disclosed. Market practice would see REGOs bundled and transferred to the offtaker, but this is unconfirmed.
  
• Balancing responsibility: Not disclosed. In UK supplier-backed PPAs, balancing typically sits with the offtaker, though no allocation has been confirmed here.