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Statkraft signs 10-year PPA for 80MW UK solar farm

Statkraft signs an agreement with re:cap for the optimization of an 80 MW solar farm and an 8 MW battery in Yorkshire.
Statkraft conclut un PPA de 10 ans pour une ferme solaire de 80MW au Royaume-Uni.

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Statkraft has signed a ten-year Power Purchase Agreement (PPA) with FP Lux Group, advised by re:cap global investors ag, for the Scurf Dyke solar farm in the East Riding of Yorkshire. With an installed capacity of 80.6 MW, this project is one of the largest in the UK. At the same time, an 8 MW storage system will be optimized by Statkraft, marking a significant step forward in renewable energy management and energy storage.

BayWa r.e.’s role in Development

BayWa r.e. led the development and construction of the Scurf Dyke solar farm. The company continues to manage the site’s operations and maintenance, ensuring optimal use. Statkraft and BayWa r.e. have already collaborated on several similar projects, creating an effective synergy for the realization of complex projects.

Optimization and Risk Management

Statkraft will use its Virtual Power Plant (VPP) system to manage the risks associated with negative prices and optimize the solar farm’s production. This system regulates electricity production in line with market conditions, ensuring optimum project profitability.

Market outlook

This partnership with re:cap is part of Statkraft’s wider strategy to strengthen its presence in the UK renewable energy market. Statkraft’s experience in managing PPAs and optimizing renewable assets is a major asset for the success of this project. The involvement of re:cap, with its expertise in international investments, underlines the importance of this project for investors and stakeholders, ensuring rigorous management and optimum performance.

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