Centrica signs PPA with Moray Offshore Windfarm East

The PPA contract is for a 15-year period starting from commercial operation which is scheduled for 2022.  

Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 pct. of the electricity generated from the 950 MW installation.

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.

Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading, said “We are excited to have secured the PPA for the Moray East windfarm. 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.

“The deal re-affirms our commitment to the development of renewable infrastructure projects and demonstrates further progress in this growth area of our business.”

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.”

 

Notes

About Moray

In 2017 Moray Offshore Windfarm (East) Limited won a Contract for Difference (CfD) from the UK Government to supply electricity at £57.50/MWh. The PPA contract with Centrica covers all trading and balance responsible party services, which includes:

  • Forecasting
  • Scheduling
  • Dispatching
  • Trading of production
  • Balancing
  • Settlement

The Moray East project is currently owned by EDPR (33.3%), Diamond Green Limited, which is partly owned by DGE (33.4%), ENGIE (23.3%) and China Three Gorges (UK) Limited (10%).

The windfarm is to be developed 22km from the east coast of Scotland and will have an annual production equaling the average electricity requirements of approximately 950,000 UK homes.