Tamar Energy signs PPA with EDF Energy
Renewable energy company Tamar Energy has signed a long-term power purchase agreement (PPA) with EDF Energy for its current 11MW generation portfolio.
The PPA covers Tamar Energy's first five anaerobic digestion plants, at Basingstoke, Hampshire; Holbeach, Lincolnshire; Retford, Nottinghamshire; Halstead, Essex and Hoddesdon, Hertfordshire. The PPA was signed with EDF Energy at the end of 2014.
The Basingstoke and Holbeach AD facilities started on the PPA terms in December and the other plants will follow in this year.
Willie Heller, Tamar Energy's CEO, says: 'Agreeing the PPA with EDF Energy, the UK's largest producer of low-carbon electricity, is a landmark commercial achievement for Tamar Energy. 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, adds: '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 its power and benefit from the minimum income certainty provided by the Feed-in Tariff.'