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Statkraft enters into 88MW solar PPA

06 May, 2014

Statkraft has entered into a 15-year Power Purchase Agreement (PPA) for the renewable energy generated from an 88 MW (megawatt) 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, a leading solar technology manufacturer and provider of solar energy services, 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.”

About Statkraft

Statkraft is Europe's largest producer of renewable energy and the leading power company in Norway. The Group owns, produces and develops hydropower, wind power, gas-fired power and district heating. Statkraft is a major player in European power trading and has 3600 employees in more than 20 countries.

Statkraft is the leading UK Power Purchase Agreement (PPA) provider offering generators products which are tailored to suit their assets and funder’s requirements.

From a standing start in 2010, Statkraft has since delivered PPA agreements for a broad range of customers, from international development companies to community wind farms.

Statkraft offers both short and long term PPAs suitable for all forms of renewable technology and the company’s portfolio spans over 1200MW of contracted operational PPAs with wind, biomass and solar generators.

Press Contacts:

Tim Foster  Statkraft  + 44 207 4488206

Sean Farrance-White Quatro Public Relations +44 207 566 7972