Statkraft has extended a Power Purchase Agreement (PPA) to continue the offtake of power from Greencoat Capital’s 34MW Sleaford Biomass plant in UK.
Statkraft previously entered into a long-term PPA for Sleaford Renewable Energy Plant with the project’s original owners in 2011. The project became operational in 2014. The original PPA which was set to expire in 2027 has now been extended to 2034 as required by Greencoat and their funders.
The project, located in Lincolnshire, is one of the few biomass projects in the UK that is predominantly straw fuelled.
As part of the project’s financing requirements and Greencoat’s acquisition, Statkraft were pleased to provide an offer to extend the PPA and to continue purchasing all electrical output and other benefits including Renewable Energy Certificate (ROCs) until 2034. As part of this process, Statkraft also agreed to extend floor prices until the end of 2032.
Natixis has acted as sole green loan coordinator for the GBP380 million (US$472.4 million) financing for Cobra Instalaciones y Servicios S.A. of Kincardine Offshore Windfarm Limited. The project compr...
Read moreBluefield Solar Income Fund listed on London Stock Exchange is proposing to amend its investment objective and investment policy to allow for not more than 25% of the Gross Asset Value (GAV) to be inv...
Read moreSiemens Gamesa Renewable Energy has conditionally received an order for 100 units of its new SG 14-222 DD offshore wind turbines for innogy’s 1.4 GW Sofia Offshore Wind Farm in the UK. A compreh...
Read moreVattenfall has awarded the Scottish civil-engineers RJ McLeod a GBP67 million (US$83 million) contract to lead the construction of the 240 MW South Kyle Wind Farm project. RJ McLeod will d...
Read more1,400 MW Viking Link Interconnector between Denmark and the UK gets support from SACE Export Credit and Euler Hermes Export Credit through the first-ever multi export credit agency (ECA) covered green...
Read more