Statkraft, SunEdison sign 88 MW PPA deal in UK

Share

SunEdison has signed a 15-year power purchase agreement (PPA) with Norwegian power producer Statkraft in the U.K.

As part of the deal, Statkraft — which has become a market leading purchaser of independently generated electricity in the U.K. — will buy the energy generated from an 88 MW SunEdison portfolio of six utility-scale PV plants across the country. SunEdison will also provide ongoing management and operations services for the installations.

"The solar market is in an exciting place right now and we are delighted to win SunEdison as a customer,"said Tim Foster, head of Renewable Origination at Statkraft. "The Statkraft team demonstrated our ability to immediately respond to tight customer deadlines which was instrumental in closing this deal. We hope to build a strong partnership with SunEdison into the future."

SunEdison has so far completed construction of a total of eight utility-scale PV installations with a combined capacity of 117 MW throughout the U.K., some of which are understood to make up part of the Statkraft package.

While SunEdison declined to provide further details of its U.K. projects or other possible PPAs, Jose Perez, president of SunEdison Europe, Africa and Latin America, nevertheless added: "We just entered the U.K. solar market this year and have already interconnected eight plants. This is a testament to our ability to enter a new market and efficiently execute projects that add to the company’s bottom line."

Perez attributed the company’s success to its ability to find "highly-qualified local vendors to partner with. They provide localized expertise while helping us support the local job market."

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.