Centrica inks Scottish Power Agreement

4C Offshore | Tom Russell
By: 06/02/2019 Centrica

Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 pct. of the electricity generated from the
Moray East Scottish wind farm project.

Centrica’s Energy Marketing and Trading division has signed a Power Purchase Agreement (PPA) that covers all Balance Responsible Party (BRP) services and the trading of the power generated in the UK day-ahead market. The PPA contract is for a 15-year period starting from commercial operation which is scheduled for 2022.

Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading, said “We are excited to have secured the PPA for the Moray East windfarm. The contract represents another milestone for our route-to-market business and is a testament to the level of sophistication and capability we have built.

“The deal re-affirms our commitment to the development of renewable infrastructure projects and demonstrates further progress in this growth area of our business.”

Oscar Diaz, Project Director for Moray East said: “Moray East is a landmark project for the offshore wind industry, delivering sustainable, renewable generation at a highly competitive power price. This PPA brings high-capacity, low cost,  low-carbon power generation to the UK wholesale market on a long-term contract with associated stability for the entire CfD period.”

Located 22km off the coast in Moray Firth, Scotland, the
Moray East wind farm will feature 100 V164-9.5 MW turbines and is currently owned by EDPR (43.3%), Diamond Green Limited which is partly owned by DGE (33.4%) and ENGIE (23.3%).

The project secured a contract for difference in 2017 which set the price of power generated at £57.50 per MWh. Offshore construction is due to start in July 2019 with full commissioning anticipated in 2021.

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