Centrica Signs PPA With Moray Offshore Windfarm East
February 06,2019
Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 pct. of the electricity generated from the 950 MW installation.
Centrica’s Energy Marketing and Trading division has signed a Power Purchase Agreement (PPA) that covers all Balance Responsible Party (BRP) services and the trading of the power generated in the UK day-ahead market. The PPA contract is for a 15-year period starting from commercial operation which is scheduled for 2022.
Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading, said, "We are excited to have secured the PPA for the Moray East windfarm. The contract represents another milestone for our route-to-market business and is a testament to the level of sophistication and capability we have built."