Press release | 2018-04-30 | 11:11 AM

Vattenfall to green British businesses with long term power purchase agreements

Swedish energy group Vattenfall is offering British business consumers the opportunity to purchase green renewable electricity from its onshore South Kyle Wind Farm in South West Scotland via corporate Power Purchase Agreements (PPAs). 

Vattenfall is taking a new approach to PPAs to make them more accessible to business customers. In what is believed to be an industry first, it hopes to enable more businesses to secure green renewable electricity by offering business consumers the opportunity to purchase the amount of electricity they want from as little as 1 MW.

Consultancy Mitie Energy started marketing this opportunity earlier this month on behalf of Vattenfall and is open to receive tenders until June.  

Vattenfall’s UK Originator, James Hunt, said: “More businesses are starting to recognise the importance of taking a longer term approach to tackling climate change in both their operations and through their supply chains. Corporate PPAs can be part of the solution to fix all or part of their energy prices. 

“Vattenfall understands the importance business consumers place on building long term relationships with their suppliers and we are pleased to be able to help UK business consumers with their climate goals by powering their sustainable consumption now and in the future.”

South Kyle Wind Farm has a grid connection for 165 MW and will have estimated generation output of 500 GWh per year. Electricity from South Kyle Wind Farm is being offered at index linked fixed prices for periods of between 10 – 20 years in multiples of 1 MW (approximately 3 GWh per annum).

Corporate PPAs can provide price certainty by enabling businesses to manage their energy costs. Renewable electricity from South Kyle Wind Farm can also help businesses reduce carbon footprints in their operations and their supply chains. 

Vattenfall already works with major energy users across Europe, helping to transform businesses and power a fossil free future.

 

Photo: Pen y Cymoedd Wind Farm. Credit: Mike Davies.

Follow the story on Twitter @VattenfallUK #SouthKylePPA

Duncan McDermott, Account Director at Mitie Energy E:Duncan.mcdermott@mitie.com