Statkraft signed its first thirdparty CfD (Contract for Difference) PPA with Coire Na Cloiche Windfarm LLP in July 2017.
The 15 year PPA supports its 15 year onshore CfD Contract the LLP has with the Low Carbon Contracts Company for the 30 MW Coire Na Cloiche Windfarm located just west of the Beinn Tharsuinn Summit near Tain in the Highlands.
Statkraft offered competitive commercial terms and the PPA was negotiated and agreed promptly in preparations for financial close.
John Puddephatt, Business Development Manager at Statkraft, said: Statkraft is very pleased to enter into this 15 year PPA with Coire Na Cloiche Windfarm. The project had some specific requirements for both the PPA contract and the PPA provider which happily we were able to meet. We look forward to working with Coire Na Cloiche in the coming years.
Dr. Henrik F. Christensen Founder, Leading Partner & Director in the Coire Na Cloiche Windfarm LLP confirmed his satisfaction with this agreement and this fine opportunity to working with Statkraft.”