Statkraft-Luminous UK Solar PPA: Innovative Energy Trading Solution

• Statkraft's cutting-edge PPA with Luminous Energy showcases their innovative approach to energy trading, providing price certainty and risk management for solar farm generators.

Energy trader Statkraft has signed a seven-year power purchase agreement (PPA) with Luminous Energy for a 29MW solar farm in the UK. Luminous Energy's Chief Investment Officer Guy Lavarack praised Statkraft's virtual power plant system and ability to manage complex metering arrangements. The agreement includes fixed power prices for most of the output from the Bracon Ash solar farm in Norfolk, combining a Contract for Difference (CfD) from CfD Allocation Round 5 and a virtual corporate PPA with Bristol Airport.

Statkraft's PPA provides balancing services and different pricing for different portions of the solar farm, offering price certainty and potential for high prices before other contracts commence. The company's downregulation service will prevent the solar farm from generating during negative price periods, managing risk for generators through its Virtual Power Plant system.

Statkraft's innovative approach and willingness to think creatively on behalf of customers has been highlighted in this unique PPA with Luminous Energy. The company's UK Markets team has previously signed CfD PPAs for wind projects, showcasing their commitment to finding new solutions to maximize returns for customers.

How does Statkraft's PPA with Luminous Energy maximize returns for solar farm?

• Statkraft's PPA with Luminous Energy maximizes returns for the solar farm by providing fixed power prices for most of the output from the Bracon Ash solar farm in Norfolk.
• The agreement combines a Contract for Difference (CfD) from CfD Allocation Round 5 and a virtual corporate PPA with Bristol Airport, offering price certainty and potential for high prices before other contracts commence.
• Statkraft's PPA includes balancing services and different pricing for different portions of the solar farm, allowing for efficient management of risk and maximizing revenue opportunities.
• The company's downregulation service will prevent the solar farm from generating during negative price periods, ensuring that the farm operates optimally and avoids potential losses.
• Statkraft's Virtual Power Plant system plays a key role in managing complex metering arrangements and providing innovative solutions to maximize returns for customers like Luminous Energy.