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Statkraft’s flex portfolio passes 1.5GW milestone

The company manages over 105 assets, owned by 16 customers under power purchase agreements. Image: Statkraft.

The company manages over 105 assets, owned by 16 customers under power purchase agreements. Image: Statkraft.

Statkraft has passed a 1.5GW milestone in its third-party distributed flexible generation and battery storage (flex) portfolio in Britain.

According the company, it now provides approximately 27% of the total capacity in this market segment.

“It’s a huge vote of confidence in Statkraft’s business that our portfolio continues to go from strength to strength,” said Duncan Dale, Statkraft’s VP of customer facing business, UK & Ireland.

“We’ve launched innovative solutions to push our Unity trading performance even further and make more money for our customers. We also provide fixes and floors on total income streams to support project backers in raising financing, underwritten by an A credit rating. We’re committed to continuing our role as the leading player in the flex market and growing our capacity in the months and years ahead.”

It follows Statkraft announcing in April that the portfolio exceeded 1.2GW of installed capacity. The company has continued to build out its portfolio, which over the last year has been boosted by a number of key partnerships including signing a contract to optimise 100MW of Gore Street Energy Storage Fund assets and Low Carbon storage projects in Northern Ireland.

In July, the company participated in what it says was the largest dispatch of energy from battery storage to the Ireland grid to-date, on 14 July.

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