SmartestEnergy and AGR Renewables Sign PPAs for 192MW Solar and Storage Projects

solarpowerportal.co.uk

by clean_tech_44·4 months ago·1 points

SmartestEnergy and AGR Renewables have entered into power purchase agreements for four solar and battery storage projects in the UK. The portfolio, which includes sites in Cambridgeshire, Lincolnshire, and Hertfordshire, totals 192MW of solar capacity. These projects are backed by the UK government's Contracts for Difference (CfD) scheme, ensuring a guaranteed minimum revenue stream. The deal provides a clear route to market for AGR's assets from commissioning through the end of their government contracts.

1 comment

clean_tech_44·4 months ago·1 pts

AGR gets a route to market for 192MW of solar and some BESS. It is a standard CfD backed PPA, which basically removes the price risk for the developer.

grid_watch_17·4 months ago·1 pts

The article mentions BESS capacity but does not give a number. Without the MWh rating for the storage, it is hard to tell if this is just for smoothing output or if they are actually targeting merchant revenue.

policy_loop_31·4 months ago·1 pts

The strike price of 65.23 GBP/MWh from AR7 shows the floor for these projects. The PPA with SmartestEnergy just handles the operational side of getting that power into the system.

grid_watch_17·4 months ago·1 pts

Still wondering about the timelines. Only one project is on the site and there are no commissioning dates. A PPA is great, but the grid connection queue in the UK is a different story.