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.

More media releases

Show all

Renewable energy 07.07.2021

Axpo sells French wind farms to special investment fund of Encavis Asset Management AG

Axpo has concluded the sale of five newly built wind farms in France to a special institutional investment fund managed by Encavis Asset Management AG, it was announced today. With a total installed capacity of 74.51 MW, the plants are part of Axpo subsidiary Volkswind’s extensive portfolio. Their sale is consistent with Axpo’s strategy of generating additional revenues from the wind energy sector. Both parties have agreed not to disclose details regarding the sale price.

Read more

International business 01.07.2021

Axpo UK extends energy supply and market access agreement with Valda Energy

Axpo’s subsidiary for Great Britain and Ireland and Valda Energy, an energy supplier to the UK SME business market, have announced a two-year extension to their existing Wholesales Energy Agreement. The two businesses first partnered in 2019, signing a three-year power deal, and the extension now takes the partnership forward to 2024. Thus, Axpo UK further consolidates its position in the British energy market.

Read more

Company 18.06.2021

Expansion of renewables too slow, electricity from hydropower endangered

Today the Swiss Federal Council approved the dispatch to the Federal Assembly of a new draft act for the security of electricity supply through renewable energies. Axpo welcomes its direction of travel, but not the pace or measures it proposes. Axpo is convinced that an auctioned floating market premium, based on a successful international model, would advance the expansion of renewable energies faster and more efficiently than the planned investment contributions. In addition, it is incomprehensible that existing large-scale hydropower plants will no longer be supported. This will endanger the very foundation of Switzerland’s power supply.

Read more

By clicking the "Accept Cookies" button, you agree to the storage of cookies on your device in order to improve navigation through this website, to analyze your use of this website, as well as to assist us in our marketing activities that may be carried out. We inform you that cookies that are not necessary are disabled by default. For more information, please refer to the Privacy Policy.