Vattenfall is bringing customisable power purchase agreements (PPAs) to business customers in Britain as part of a “new approach” to corporate energy sourcing.
The state-owned Swedish energy group is to offer renewable power from its South Kyle Wind Farm in Scotland in units from as little as 1MW. Businesses will be able to purchase as much energy as they require, with Vattenfall keen to make renewables “more accessible” to business customers.
The wind farm has a grid connection for 165MW and is expected to generate around 500GWh of energy each year. The power generated is being offered to customers in multiples of 1MW at index-linked fixed prices for periods of between 10 – 20 years
The utility tasked consultancy Mitie Energy with taking the product to market and Vattenfall is open to tenders until June.
James Hunt, UK originator for Vattenfall, said: “Vattenfall understands the importance business consumers place on building long term relationships with their suppliers and we are pleased to be able to help UK business consumers with their climate goals by powering their sustainable consumption now and in the future.”
The South Kyle Wind Farm was granted consent in June 2017.