Energy aggregator Limejump has struck a deal with NextEnergy Solar Fund (NESF), one of the UK’s largest solar asset owners, to trade 120MW of PV generation.
The new power purchase agreement (PPA) will see Limejump trade NESF’s generation using its virtual power platform, allowing the asset owner to track more sensitive price movements and take advantage of more lucrative moments to sell power.
Limejump said increase price volatility in the UK spot market was a “decisive factor” during the negotiation with NESF. Limejump’s ‘Track and Trade’ PPA has been designed to give customers more flexibility over deciding procurement and selling strategies.
Furthermore, Limejump said the machine learning algorithms the company has to hand can help reduce an asset’s exposure to market risk and any imbalance costs that may be incurred.
NESF has also tasked Limejump to manage the two battery storage projects it acquired earlier this year.
NESF purchased the Salcey Farm and Pierces Farm solar projects in May this year, both of which have integrated battery storage technologies on site.
The deal comes amidst significant interest and activity in the aggregator market, peaking in Engie’s acquisition of a majority stake in Limejump rival KiWi Power last week.