Statkraft inks first PPA for 80MW UK solar farm
- Admin
- Jul 9, 2024
- 1 min read
Statkraft has signed a 10-year power purchase agreement (PPA) and optimisation agreement with FP Lux Group for offtake from its 81MW Scurf Dyke solar farm in Yorkshire, England. Re:cap global investors advised the developer. BayWa r.e. acted in an EPC role for the project. The developer has previously agreed PPAs with BayWa r.e. in the UK and Spain. Statkraft has signed the latest PPA for projects receiving a Contract for Difference (CfD) from Allocation Round 4 (AR4). Statkraft has a Virtual Power Plant (VPP) system to manage risk for generators. Statkraft's PPA origination manager is John Puddephatt. Re:cap Global Investors chief executive is Thomas Seibel.
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