- Press Releases
January 14 (Renewables Now) - PPAYA Ltd, a UK start-up that arranges renewable energy power purchase agreements (PPAs), on Thursday said it has signed up the 46-MW Crossdykes wind farm in Scotland to a PPA deal, its biggest transaction so far.
Launched last summer, the price-comparison platform has to date arranged PPAs for around 80 renewable energy facilities, including wind, hydro, solar and anaerobic digestion sites, with a combined capacity of 160 MW.
Crossdykes, inaugurated in October 2021, is said to be the UK’s largest fully subsidy-free wind farm. It is owned by Muirhall Energy with 5% of the project held by local communities.
Last year, Crossdykes became the first subsidy-free wind farm to enter the energy balancing market and capacity market. PPAYA said it has also arranged the wind farm’s new balancing mechanism deal.
The company says its platform, which includes a price-comparison slider and automated daily auctions, helps generators sell their energy at the best time for the best price. PPAYA is led by chief executive Kristina Rabecaite, who previously worked at Limejump.