ISG Renewables has signed a 15-year corporate PPA (CPPA) with Anglian Water for the output from its 28MW Elms Farm solar project in the UK.
ISG Renewables (a JV between Innova and Schroders Greencoat) will provide Anglian Water with traceable renewable power, through the CPPA.
EDF is providing the power balancing and shaping services, working in collaboration with both parties to transfer the energy and guarantee a reliable source of renewable power to Anglian Water through its licensed supplier, SSE.
Elms Farm is under construction and expected to energise later this year and will have an annual production of 29,000 megawatt hours of power per year, all of which will be supplied to Anglian Water during the term of the CPPA.
The agreement has played a critical role in the project reaching financial close and enabling the site’s construction.
Andy Peyman, Head of Energy Sales at Innova, said: “We’re delighted to have worked in partnership with Anglian Water on this PPA, especially in such challenging times for the energy markets. The PPA was critical for the site’s progress, and we look forward to bringing the solar farm to energisation in the coming months.
“We’d like to take this opportunity to thank Anglian Water for their hard work on the deal, and to EDF for providing the balancing and shaping.”