Ventient Energy has added 185MW of its wind portfolio in the UK to SmartestEnergy’s SmartFlex FlexiPPA platform.
The deal also includes balancing mechanism entry for transmission and distribution connected onshore wind assets.
The FlexiPPA structure will provide Ventient Energy with direct access to wholesale markets, including access to liquid five-year wholesale market pricing.
“This will allow Ventient Energy to carry out sophisticated hedging transactions for pension fund owners on SmartestEnegy’s SmartFlex Platform at the click of a button,” the partners said.
Ventient Energy chief executive Mark Jones (pictured) said: “As the largest European independent generator of onshore wind energy, we’re passionate about supporting the UK’s transition to net-zero carbon by using the latest tools available to manage our assets and maximise their potential.
“Our asset managers are looking forward to leveraging SmartestEnergy’s SmartFlex Platform participating in this near real-time market to ensure we do everything we can to support the upkeep of a robust energy system.”
SmartestEnergy chief executive Robert Groves said: “Our team are delighted to onboard Ventient Energy to SmartFlex and manage 185MW of their onshore wind capacity.
“At a time when balancing supply and demand is more important than ever, our digital tools and experience managing flexible capacity supports independent generators wanting to maximise their returns and participate in the future energy system.”