The Renewables Infrastructure Group (TRIG) has entered into a corporate power purchase agreement (PPA) with BT for output from its Blary Hill wind farm in Scotland.
Pricing has been agreed for the duration of the 10-year PPA on pay-as-produced terms.
It provides TRIG with long-term price security while delivering BT a supply of renewable power at an agreed price.
TRIG’s 35MW subsidy-free Blary Hill wind farm, was completed in early 2022 within budget and ahead of schedule.
The wind farm consists of 14 2.5MW Nordex turbines and was fully funded from re-investment proceeds.
It is managed by RES, TRIG’s operations manager.
Richard Crawford, Head of Energy Income Funds at TRIG’s adviser InfraRed Capital Partners, said: “This is TRIG’s first corporate PPA and we are pleased to be entering this agreement with a strong counterparty in BT Group that supports the UK transition to net zero.
“Offtakers are seeing the benefits of fixing following the high power prices and volatility seen in 2022.
“We continue to look for attractive opportunities to fix revenues for TRIG, including through corporate PPAs.”