Statkraft team prepare to exhibit at the All-Energy Exhibition in Glasgow
Statkraft’s UK & Ireland Trading & Origination team will be exhibiting at the All Energy Exhibition and Conference in Glasgow on 11-12 May as we have done so in many years previously. If you are attending the event then please do visit us at Stand F48 for a chat with our team including Duncan Dale, John Puddephatt and other colleagues. It would be great to see you and discuss what we can offer you.
Statkraft UK & Ireland has continued to expand and evolve in recent years so that we are now able to offer a wider range of services to the UK & Irish markets. As part of the wider, global Statkraft business we are supporting the development of renewables projects, batteries and flex engines as well as hydrogen solutions.
CfD PPAs: in preparation for AR4 we are offering long term PPAs to fit with generators’ potential CfD contracts. Our PPA will include practical solutions to some of the anticipated issues specific to AR4 CfD contracts.
Subsidy Free PPAs: we can offer long term fixed and floor prices to help support the investment and project financing of subsidy free schemes. Our approach will provide an alternative to AR4 and an opportunity for generators to benefit from the current high market prices. Our Statkraft PPA is “Corporate enabled” and can signed quickly with much less transaction risk.
Corporate PPAs: our approach to medium and long term CPPAs, including the standardisation of documentation and more effective risk allocation between parties, will simplify the contracting process and encourage growth in this market. We are keen to speak to both generators and corporates regarding opportunities for collaboration.
Our experience of these different approaches means we can also offer a blended approach of all three PPA types.
Fixed Price Hedging: We have recently began offering financial hedges to third party generators. This provides flexibility to projects as they can continue with their existing PPAs and agree a financial hedge with us that would co-exist outside of their PPA with another supplier. This may be of particular interest if your current PPA doesn’t allow for power price hedging meaning that your project is unable to benefit from current high prices.
ROC PPAs: we continue to offer long term ROC PPAs and in recent years have renegotiated numerous existing PPAs where the generator’s requirements when they originally entered into the PPA have changed and so we have agreed to mutually beneficial changes.
Optimisation PPAs for flexible generation: Our third-party distributed flexible generation and storage portfolio continues to grow rapidly and recently passed 1200 MW of installed capacity. We are keen to discuss how we can optimise to allow extra revenue for your operational project and to provide a long term PPAs to facilitate investment and finance.
Battery Storage & Co-location PPAs: this portfolio also continues to grow rapidly with particular interest from generators developing hybrid solar sites. As with our long term renewables PPAs we can offer floors and a combination of different routes to market.
Hydrogen routes to market: we are developing routes to market for pre-construction projects and also for the further optimisation of existing renewables projects where electrolysers may be retrofitted to add further long term revenue.
John PuddephattHead of Long Term PPA Origination