UK developer Low Carbon has signed four power purchase agreements (PPA) with ElectroRoute covering 140 MW of solar capacity. A Low Carbon spokesperson confirmed to pv magazine that the agreements come into effect immediately and will run until March 2028.
Low Carbon described the deals as balancing PPAs, agreements that will see ElectroRoute take on the delivery risk between forecast and generation. The energy trading and services company will be responsible for market access and trading services to optimize the output of the solar plants. Low Carbon will continue to carry operations and maintenance work at the sites.
The deals have been struck for Birch Solar Farm (40 MW), Sandon Brook Solar Farm (49.9 MW), Fern Brook Solar Farm (30 MW) and Long Meadow Solar Farm (18 MW).
A wholly owned subsidiary of the Mitsubishi Corporation, ElectroRoute first announced its expansion into the UK renewables and energy storage markets in September 2024. ElectroRoute has already contracted a portfolio of wind and solar assets in the UK market both under equity and project finance conditions.
In a press release, Brian Kennedy, head of client origination at ElectroRoute said the PPAs reflect the company’s commitment to providing “bankable solutions” to renewable energy developers.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
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.