Axpo UK and Voltalia sign a 10-year fixed price PPA for a solar park in England

17.06.2021 - Axpo is further strengthening its position in the UK energy market: Its subsidiary Axpo UK Ltd and French solar developer Voltalia have signed a new ten-year, fixed price power purchase agreement (PPA), it was announced today. Thereby, Axpo UK will purchase 100% of the electricity, Renewables Obligation Certificates (ROCs) and Renewable Energy Guarantees of Origin (REGOs) from Voltalia’s 7.2 MW Tonge solar park near Sittingbourne, in Kent, England.

The deal covers the period out to 2031, providing Voltalia with the certainty of fixed-price revenue streams for its energy and related commodities over the long-term. Axpo will receive carbon-free solar power and renewable certificates which will further augment its position as a leading trader and supplier of renewable electricity in the UK market.

Ross McHardy, Senior Originator at Axpo UK, said: “Axpo is an established provider of innovative risk management solutions within the energy value chain including the provision of long-term pricing and trading of certificates. We are pleased to close this new PPA with Voltalia; building on the two companies’ wholesale energy trading relationship across Europe. This PPA expands the existing Axpo portfolio, enabling further marketing of long-term, fixed price, green energy to our customers”.

Axpo has been present in the United Kingdom since 2008. Axpo UK, the Group’s subsidiary for Great Britain and Ireland, provides risk management, market access, and supply solutions across the energy supply chain. Its clients include gas and electricity producers, large industrial and commercial (I&C) consumers, and energy suppliers. Growth in the UK is part of Axpo’s strategy of constantly expanding its international presence.

Long-term power purchase agreements are an important growth area in the energy sector. PPAs have become a major trend throughout Europe due to reductions in or the elimination of government subsidies for renewable energies and the sharp drop in the cost price of new plants. The demand for PPAs and innovative energy services will continue to increase in the course of the rapid expansion of renewable energies. Axpo has in-depth expertise in the field of PPAs and supports numerous corporate customers in around 40 markets in lowering their CO2 emissions.

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

More media releases

Show all

Renewable energy 27.09.2023

Axpo and Sunnic Lighthouse sign second green PPA

A second power purchase agreement (PPA) has been signed between Axpo and Sunnic Lighthouse GmbH, the Germany-based energy trading subsidiary of solar developer ENERPARC AG, it was announced today. From 1 October 2023, Sunnic will supply 38.4 gigawatt hours (GWh) of solar power a year to Axpo. This equates to the annual electricity needs of around 7,500 households and represents a reduction in CO2 emissions of more than 22,000 tonnes a year.

Read more

International business 25.09.2023

Axpo and Pilkington Automotive sign long-term PPA for Finnish manufacturing sites

Axpo and Pilkington Automotive Finland Oy, part of the NSG Group, a leading global innovator in glass manufacturing, have signed a long-term wind energy power purchase agreement (PPA), the companies announced today. The partnership is a significant step towards powering NSG Group’s plants in Finland with clean electricity and further demonstrates the commitment of both companies to sustainability.

Read more

Renewable energy 21.09.2023

Axpo, Nobian and WIRCON sign long-term solar PPA in Netherlands

Axpo and leading industrial chemicals manufacturer Nobian have signed a long-term power purchase agreement (PPA) in the Netherlands, the companies announced today. The PPA will see Axpo provide solar power to Nobian’s operations at Delfzijl from a facility developed by WIRCON, a large and growing international solar energy developer.

Read more