Statkraft, Europe’s largest renewable energy provider, has signed a ten-year Power Purchase Agreement (PPA) with international renewables trader FP Luxe Group. The PPA covers Scurf Dyke Solar Farm and battery, located in Yorkshire.
The solar farm has an installed capacity of 80.6MW – making it one of the UK’s largest solar installations.
In a release, Statkraft noted that putting a long-term offtake contract was important for the company to provide a clear route to the power market and Renewable Energy Guarantees of Origin (REGO) certificates.
John Puddephatt, Statkraft’s PPA Origination Manager, commented in a release: “Following a competitive tendering process, Statkraft was selected as the offtaker for Scurf Dyke. Given the size of the project, the counterparties involved and the potential addition of a BESS, we were particularly excited to be involved.”
Thomas Seibel, CEO at re:cap Global Investors, said: “We were keen to work with an offtaker that could offer a renewables PPA as well as route to market optimisation services for BESS, and could meet our investors’ and funders’ requirements.”
Renewable energy company BayWa r.e.acted in the role of EPC to develop and build the project, with the company’s Asset Operations division taking responsibility for the farm’s operations and maintenance via a long-term agreement.
BayWa r.e and FP Lux are also building a an 8MW BESS opposite the Scurf Dyke Solar Farm, with optimisation coming from Statkraft. The provider will also optimise the solar farm, turning it off to avoid generating costly power during negative price periods.
Puddephatt added: “The signing of a PPA with a new customer is always a very positive moment, and I hope we’ll be able to build on this new relationship with re:cap and optimise its renewable assets in both the UK and more widely.”
BayWa r.e and Statkraft have collaborated via PPAs previously in the UK and Spain: the UK’s Dalquhandy Wind Farm, and Spanish Tordesillas and Don Rodrigo solar projects.
[Image: The Scurf Dyke solar farm. Image credit: Statkraft]
