Axpo Inks UK Solar Offtake
Axpo and Voltalia have signed a power purchase agreement (PPA) for a UK solar park.
Under the terms of the 10-year fixed price PPA Axpo UK will purchase 100% of the electricity, Renewables Obligation Certificates (ROCs) and Renewable Energy Guarantees of Origin (REGOs) from Voltalia’s 7.2MW Tonge solar park near Sittingbourne, in Kent, England.
The deal covers the period out to 2031, providing Voltalia with the certainty of fixed-price revenue streams for its energy and related commodities over the long-term.
Axpo will receive carbon-free solar power and renewable certificates which will further augment its position as a leading trader and supplier of renewable electricity in the UK market.
Axpo UK senior originator Ross McHardy said: “Axpo is an established provider of innovative risk management solutions within the energy value chain including the provision of long-term pricing and trading of certificates.
“We are pleased to close this new PPA with Voltalia; building on the two companies’ wholesale energy trading relationship across Europe.
“This PPA expands the existing Axpo portfolio, enabling further marketing of long-term, fixed price, green energy to our customers”.