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Centrica Energy Trading has secured three long-term power purchase agreements (PPAs) with a total capacity of more than 266MW.
The 10-year deals with Helsinki-based renewable fund manager and developer, Taaleri Energia, are for three windfarms across Finland and Sweden.
Under the agreements, Centrica’s trading arm will be responsible for the balancing and nomination of the 126MW Isoneva and 126MW Murtoluuli windfarms located in Finland. It will also be responsible for balancing the 14.4MW Malajord windfarm located in southern Sweden.
Centrica confirmed it will use the power generated through the windfarms to supply its UK energy customers.
Centrica already has existing agreements with Taaleri and the latest deal will take its portfolio with the firm to 735MW across Finland, Sweden and Norway.
Cassim Mangerah, managing director of Centrica Energy Marketing and Trading, said: “We’re very excited to build on what I believe is already a strong cooperation with Taaleri Energia – by helping push the green transition forward through the development, management and optimisation of renewable energy assets.
“Our route-to-market business has seen strong growth in our Nordic portfolio over recent years, and the signing of these new deals further underlines our reputation as a leading player in European energy markets.”
Taaleri Energia’s managing director, Kai Rintala, said: “We are pleased to have successfully signed three new PPAs with Centrica, who have demonstrated their expertise and strong capabilities in renewable energy trading and risk mitigation.
“We look forward to continuing our valued cooperation with Centrica as our renewable energy portfolio across Europe continues to grow.”
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