Foxglove Energy Supply Ltd has entered into a route-to-market power purchase agreement (PPA) with SSE Energy Markets for one of their Scottish wind farms.
The two-year agreement with between Foxglove Energy Supply Ltd and SSE Energy Markets covers the 48MW Aikengall 1 Wind Farm in East Lothian.
Under the structure of the agreement, SSE Energy Markets will optimise the asset on behalf of Foxglove Energy Supply Ltd, ensuring that Foxglove Energy Supply Ltd is able to capture market reflective prices while not being fully exposed to market fluctuations.
Additionally, SSE Energy Markets will manage the power and associated environmental certificates (REGOs).
Aikengall 1 consists of 16 turbines and became operational in 2009.
Gordon Bell, Managing Director of SSE Energy Markets, said: “Within SSE Energy Markets we have a growing focus on delivering best-in-class route to market services and bringing an independent value add to the Group.
“This agreement with Foxglove Energy Supply Ltd is a clear example of our approach, with a flexible structured route-to-market PPA designed to best meet the generator’s requirements.
“We look forward to working with Foxglove Energy Supply Ltd to optimise the wind farm at Aikengall, bringing our expertise to these important assets.�?
Rod Wood, Managing Director of Foxglove Energy Supply Ltd , said: “SSE Energy Markets is one of the biggest names in the electricity market and their offer here was compelling, so it made perfect sense for us to diversify our customer base by placing the PPA for one of our biggest wind farms with SSE Energy Markets.
“The depth of knowledge within their delivery team made completing the transaction incredibly easy, and we are very much looking forward to building this relationship over the years to come.�?