Statkraft concludes three additional PPAs in France

Statkraft and Valeco expand their partnership by signing three power purchase agreements (PPAs) in France with a contract duration of five years, for a total capacity of 40.5 MW.

Based on the agreements, Statkraft will purchase power and capacity certificates from the wind projects of Audincthun (14.1 MW), Belleuse (11 MW) and Lavacquerie (15.4 MW).

The wind projects will be commissioned in May and September 2019. They are located in the Pas de Calais, Somme and Oise departments, respectively. Valeco will operate the wind farms from Montpellier, where the company’s operation centre is located, with technical support based in Amiens.

Statkraft will integrate these installations in its balancing group and will control them remotely to ensure the automatic downregulation of production during negative price events.

In 2017, Statkraft and Valeco signed their first power purchase agreement for the 38 MW wind farm Prémont in Hauts de France. The wind projects of Audincthun, Belleuse and Lavacquerie are also located in this region.

Since the start of the new “complément de rémunération” support scheme for renewable energy producers, Statkraft has been offering developers and investors a complete solution: a purchase agreement underpinned by a strong financial rating, along with a solid process management for plant connection, the certification of capacity guarantees and REMIT reporting.

Statkraft is also working alongside with developers, investors and industry associations’ working groups on corporate PPAs, to develop new types of market access solutions in France.