Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMarch 17 (Renewables Now) - Centrica Energy Trading, a unit of UK’s Centrica plc (LON:CNA), will be buying 112 GWh of power annually from Danish solar farms under an off-take deal with Denmark’s Better Energy A/S.
The duo has signed a 10-year power purchase agreement (PPA) tied to supplies from two photovoltaic (PV) farms that Better Energy plans to build at home, the power producer said on Wednesday. Under the deal, Centrica will buy and trade the plants' entire output.
Both projects will be implemented without the use of state subsidies. Details about their individual capacities, locations and construction timeline were not available.
“By committing to buying power from solar parks under development, Centrica ensures that new green energy is added to the European power grid,” said Peter Munck Soe-Jensen, Better Energy’s executive vice president for Power Solutions. He stressed on the importance of adding more renewables capacity so that Europe’s both short and long-term climate goals are achieved.
Better Energy noted it has already developed several solar parks in Denmark with zero subsidies.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST