Under these agreements, ElectroRoute will provide route-to-market and trading solutions for three solar projects with a combined capacity of 61 MW.
The solar projects owned through a joint venture between Innova and Schroders Greencoat underscore ElectroRoute’s continued commitment to expanding its renewable energy footprint in Great Britain. All three projects have secured government-backed Contracts for Difference (CfDs), and the PPAs have been structured to align with these agreements, including a full 15-year term. ElectroRoute will utilise its 24/7 market access and trading capabilities to optimise the output of the solar assets, facilitating the efficient integration of renewable energy into the grid.
“ElectroRoute is proud to partner with and support Innova on these solar projects” said Brian Kennedy, Chief Commercial Officer at ElectroRoute, commenting on the announcement. “This partnership reflects the trust placed in ElectroRoute’s expertise in energy trading and risk management and further underscores our commitment to supporting the renewable sector with innovative and dependable trading solutions.”
Together, the three solar projects will, between them, produce over 65,000 MWh of renewable electricity, contributing to the decarbonisation of the UK energy system and supporting its ambitious climate goals.
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