Greentech Secures 15-Year UK Solar Offtake Deal

• SmartestEnergy locks a 15-year PPA for Chalkpit’s 26MW solar in Kent, boosting greentech’s UK debut with stable revenues—while expanding clean power through long-term, low-risk deals.

SmartestEnergy has signed a 15-year power purchase agreement with greentech to market the electricity from Chalkpit, its first UK solar project. The 26-MW solar farm is located in Kent.

Under the off-take deal, SmartestEnergy will buy and resell the plant’s generation, giving greentech revenue certainty and supporting broader renewable expansion in the UK. The agreement also marks greentech’s entry into the British market, extending its European portfolio. The contract reflects continued reliance on long-term PPAs to finance renewables by reducing market risk and providing stable income amid rising UK demand for clean power tied to decarbonization and energy security.

How will SmartestEnergy’s 15-year PPA for Chalkpit expand UK solar and greentech?

• Provide bankable revenue for Chalkpit: a 15-year PPA helps secure long-term cash flows, improving financing terms and lowering uncertainty for future solar projects in the UK.
• Accelerate new UK solar capacity in regions with strong development pipelines like Kent by demonstrating repeatable contracting between developers and offtakers.
• Strengthen the UK “greentech” ecosystem: the deal increases visibility for solar power delivery, long-term risk management, and project operations—skills that can be reused across future UK sites.
  
• Reduce wholesale price exposure: by selling via a contracted off-take rather than relying solely on spot-market revenues, SmartestEnergy and greentech can manage volatility in a way that supports continued investment.
  
• Encourage more long-term buyer participation: stable, contracted electricity can make it easier for other greentech projects to find offtakers, improving the overall pipeline for UK clean power.
  
• Support decarbonisation and energy security goals: long-duration contracted solar generation can contribute to meeting rising demand for low-carbon electricity while reducing reliance on imported fuels.
  
• Improve procurement options for corporate and institutional buyers: third-party offtake structures give the market a pathway to secure renewable electricity with greater predictability over time.
  
• Signal market entry momentum for greentech in the UK: building a UK track record can help greentech win subsequent development opportunities across additional regions and technologies.
  
• Reinforce UK solar supply-chain activity: higher-confidence projects typically translate into more sustained demand for construction, electrical systems, grid connection services, land/consents support, and O&M.
• Enable learning that lowers future costs: operating experience from a first UK project can refine construction and performance assumptions used in subsequent solar investment decisions.
• Promote investor confidence in renewable contracting: repeated use of PPAs can strengthen market norms, making it easier for lenders, insurers, and equity investors to underwrite new greenfield and repowering efforts.