Tamar Energy has signed a long-term Power Purchase Agreement ('PPA') with EDF Energy for its current 11MW generation portfolio.
The long term PPA covers Tamar Energy’s first five anaerobic digestion plants, at Basingstoke, Hants; Holbeach, Lincs; Retford, Notts; Halstead, Essex and Hoddesdon, Herts. The PPA was signed with EDF Energy at the end of 2014.
Willie Heller, Tamar Energy’s Chief Executive said “Agreeing the PPA with EDF Energy, the UK’s largest producer of low-carbon electricity, is a landmark commercial achievement for Tamar Energy, which has quickly grown to be the UK’s largest AD company. Moreover, it’s an important achievement for the UK’s AD sector, proving the value of AD’s base load generation in the market over the long term”.
John Cockin, EDF Energy’s Director of Business Services, commented: “We’re always keen to work with new low-carbon generators. This PPA provides a flexible way to sell energy into the market, so Tamar Energy can achieve the best price for their power and benefit from the minimum income certainty provided by the Feed in Tariff. We’re delighted this innovative approach suits both parties and enables Tamar Energy to achieve financial close for its power stations. We’re pleased to be Tamar’s long term partner and to support the expanding anaerobic digestion market”.
The Basingstoke and Holbeach AD facilities started on the PPA terms in December and the other plants will follow in 2015.