- Press Releases
January 12 (Renewables Now) - Two subsidiaries of French utility group EDF (EPA:EDF) will procure electricity from a 5.1-MW solar park combined with battery storage of 1.7 MW that is being built in Germany.
The electricity will be marketed and storage services will be provided under a ten-year power purchase agreement (PPA) with German project developer Green Energy 3000 GmbH, the three companies said on Tuesday. The project was among the winners in the second innovation tender of the Federal Network Agency and will receive a fixed tariff under Germany's Renewable Energy Act (EEG) for a period of 20 years.
The hybrid plant is currently under construction and is expected to go online in the spring of this year.
Under the PPA, EDF Trading will be responsible for the marketing of the electricity from the solar plant, while e2m will be in charge of the short-term marketing and optimisation of the system flexibility and will integrate the systems into its virtual power plant. For the provided flexibility, e2m offers operators a fixed remuneration for the entire period of the agreement.
The fixed-price PPA is a milestone that lays the foundation for the planning, financing, implementation and operation of more solar-plus-storage and wind-plus-storage projects, said Green Energy 3000's head Andreas Renker.
The project is the first plant combining solar power and battery storage for the Leipzig-based developer. Two more projects will follow in 2022.