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Statkraft inks two deals for Beavor Grange solar farm in England

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Statkraft has signed two deals for the Gresham House-managed Beavor Grange Solar Farm in England.

 

The company inked a PPA with Gresham House and a CPPA with Workspace for the projects in Devon. The agreement is for 10 years starting from next month.  It stated that it “will see Workspace receive as-generated power from the project and receive renewable energy guarantees of origin (REGOs) to show the source of the power,” a local report mentioned.

 

The 20MW PV site is enough to power around 6000 homes.

 

According to the company, the project is an example to facilitate the building of more renewable energy infrastructures. Providing the background, the company shared that it sourced renewable generators in the UK by issuing a request for proposals to find appropriate renewables projects looking for a long-term offtaker for its asset, its statement reads.

 

Statkraft’s head of downstream Andy Cooper was quoted, "We're delighted to bring Beavor Grange and Workspace together in this long-term agreement. Both parties have secured prices for 10 years and using Statkraft’s Firming service, Workspace is able to easily transfer this CPPA into a standard supply contract.”

 

Statkraft has hoped for higher volumes of business in the given sector during 2024.

 

Meanwhile, Workspace head of sustainability Sonal Jain remarked, "Workspace’s partnership with Statkraft for a long-term power purchase agreement marks a significant step towards our net zero carbon commitment.

 

Similarly, Investment director at Gresham House Wayne Cranstone was quoted, "We are delighted to have signed another PPA with Statkraft and to have the Corporate PPA with Workspace Group.”

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