Innova has announced the signing of a 15-year Corporate PPA between Anglian Water and ISG Renewables (a JV between Innova and Schroders Greencoat) for their 27.8MW Elms Farm solar project.
The deal will provide Anglian Water with traceable renewable power, whilst contributing to their environmental goal of sourcing up to half of their own power use from renewable energy sources and achieving Net Zero Carbon status by 2030. EDF are providing the power balancing and shaping services, working in collaboration with both parties to transfer the energy and guarantee a reliable source of renewable power to Anglian Water through their licensed supplier, SSE.
Elms Farm is currently in construction and expected to energise later this year. Once energised, the site will produce around 29,000 MWh of power per year, all of which will be supplied to Anglian Water during the 15-year term of the PPA. The PPA has played a critical role in the project reaching financial close and enabling the site’s construction.
Andy Peyman, Head of Energy Sales at Innova, said:
“We’re delighted to have worked in partnership with Anglian Water on this PPA, especially in such challenging times for the energy markets. The PPA was critical for the site’s progress, and we look forward to bringing the solar farm to energisation in the coming months. We’d like to take this opportunity to thank Anglian Water for their hard work on the deal, and to EDF for providing the balancing and shaping.”
David Riley, Head of Carbon Neutrality at Anglian Water said:
“Anglian Water is committed to being a carbon neutral business to the benefit of customers and the environment across our region. The combined expertise within Innova, EDF, SSE and the Anglian Water team has enabled this leading and innovative renewable energy structure to be completed giving line of sight to the newly constructed Elms Farm solar asset, an important step in delivering against our challenging carbon ambitions”.
Tom Abbott, Director of PPA at EDF, commented:
“We’re excited to have supported Innova and Anglian Water by facilitating this new corporate PPA. It’s great to be part of helping new renewable energy sites get built, with agreements like this playing a critical role in making it possible and contributing towards the UK achieving net zero.”
