Centrica Books Moray East Power
UK utility Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 percent of the electricity generated from the 950MW Moray East offshore wind farm.
Centrica’s Energy Marketing and Trading division has signed a Power Purchase Agreement (PPA) that covers all Balance Responsible Party (BRP) services and the trading of the power generated in the UK day-ahead market.
The PPA contract is for a 15-year period starting from commercial operation which is scheduled for 2022.
“The contract represents another milestone for our route-to-market business and is a testament to the level of sophistication and capability we have built,'' Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading at Centrica, said.
“The deal re-affirms our commitment to the development of renewable infrastructure projects and demonstrates further progress in this growth area of our business.”
Located some 22km off the Scottish coast, the Moray East offshore wind farm will feature 100 MHI Vestas 9.5MW turbines scheduled for commissioning in 2022. In 2017, the project won a Contract for Difference (CfD) from the UK Government to supply electricity at GBP 57.50/MWh.
Oscar Diaz, Project Director for Moray East, said: “Moray East is a landmark project for the offshore wind industry, delivering sustainable, renewable generation at a highly competitive power price. This PPA brings high-capacity, low cost, low-carbon power generation to the UK wholesale market on a long-term contract with associated stability for the entire CfD period.”