ERG, Engie ink route-to-market PPAs for 55 MW of French solar
Wind farm in Italy. Source: ERG SpA (www.erg.eu).
French energy group Engie SA (EPA:ENGI) has sealed contracts to procure power from 55 MW of wind farms in France owned by Italian sector player ERG SpA (BIT:ERG).
Independent power producer ERG said on Friday it has signed route-to-market power purchase agreements (PPAs) with Engie for a period of five years. The generation covered by the deal will come from five of ERG’s wind parks in France, namely La Bruyere, Le Carreau, Les Mardeaux, Hetomesnil and Lihus.
Power supplies will take place on a “pay-as-produced” basis. The PPAs have a fixed price for the entire contracted period.
The five wind farms currently operate under the feed-in tariff (FiT) regime but will exit the support scheme at the end of this year. Their combined output stands at over 100 GWh per year.
In July, ERG inked two PPAs to supply 70 MW of wind power to energy trading and services firm ElectroRoute Energy Supply Ltd from two wind parks being built in Northern Ireland.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.