May 6, 2014 - Statkraft has entered into a 15-year Power Purchase Agreement (PPA) for the renewable energy generated from an 88MW portfolio of six utility-scale photovoltaic solar power plants across the UK.
The solar power plants were built by SunEdison who will continue to provide ongoing management and operations services for the plants.
The 15 year agreement with SunEdison will see Statkraft purchase the energy and associated renewable benefits from the solar plants. They have a combined capacity to generate enough renewable energy to power 20,000 homes.
Tim Foster, Head of Renewable Origination at Statkraft said:" The solar market is in an exciting place right now and we are delighted to win SunEdison as a customer. 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."
José Pérez, SunEdison's President of Europe, Africa and Latin America added:" The UK solar market is growing rapidly as the people of Great Britain are increasingly asking for renewable energy. This PPA will provide Statkraft reliable, predictably priced energy for years to come and help them meet the strengthening demand for renewable energy. We look forward to continuing to support this growth and the local economy through future projects."
