Energy trading company Danske Commodities has signed a balancing agreement with Low Carbon for Feldon Vale solar farm in the UK.
Under the agreement, Danske Commodities will provide market access and balancing for Feldon Vale solar farm, which is being developed by Low Carbon.
With an installed capacity of 49.9MW, it is estimated that Feldon Vale will power the equivalent of more than 16,500 British households with clean energy.
The power from the project will be supplied directly into the local distribution network (LDN) via underground cables.
Marco Verspuij, head of power management at Low Carbon, said: “We are delighted to finalise our first balancing agreement with Danske Commodities for Feldon Vale solar farm.
“Forming strategic partnerships is critical as Low Carbon continues its growth as an IPP and this arrangement reflects our ambition to accelerate the energy transition by leveraging the latest technology to optimise our renewables portfolio to its full potential.”
Sofie Duedahl, head of European origination at Danske Commodities, added: “We are proud to announce our balancing agreement with Feldon Vale solar farm.
“Danske Commodities has a proven track record in balancing assets with intermittent energy generation, benefitting from our market-leading capabilities within algorithmic trading and weather analysis.”