Shell Signs PPA for large UK PV Project

Shell Energy Europe To Procure Solar Power from 69.8 MW Bradenstoke PV Plant For Customers In The UK
02:32 PM (Beijing Time) - 20. January 2018
n_bus_PV Projects_Shell Signs PPA for large UK PV Project_ab 2018-01-19

Developed by British Solar Renewables along with British Ministry of Defence, the 69.8 MW Bradenstoke PV plant will sell all 65 GWh of annual generating capacity to Shell. (Photo Credit: British Solar Renewables)

Key Takeaways

  • Shell has signed a power purchase agreement with the British Solar Renewables for its 69.8 MW Bradenstoke Solar Power Plant
  • Shell will be the sole offtaker of the entire 65 GWh of clean energy generated annually by the plant for a five-year period
  • PPA terms were not disclosed by the companies, but Shell will be using this solar power to sell to customers in the UK
  • The plant was commissioned in March 2015

In its ongoing efforts to include more renewables in its business, global oil company Shell has now signed a power purchase agreement (PPA) for clean energy from a 69.8 MW PV project. Shell Energy Europe Ltd. will procure power for five years from the Bradenstoke solar power plant in the UK. There were no details made public on the rate of the PPA. The solar installation, commissioned in March 2015, generates around 65 GWh of clean energy annually.

Shell Energy Europe is the energy marketing and trading division of the Royal Dutch Shell. It is present in 14 European power markets. The company in part is responsible for the offtake of renewable power from wind farms and solar parks in the UK and mainland Europe.

British Solar Renewables (BSR) is the asset manager and operator of the plant, which is owned by Siem Europe SARL. According to BSR, the plant, which uses 269,000 PV panels, is the largest in England and the second largest in the UK. It was developed in cooperation with the British Ministry of Defense.

The UK is one of our key markets for power,” says Jonathan McCloy, general manager of North West Europe for Shell Energy Europe Ltd. “We’ve been exploring ways to increase our power presence in the country on both the buy and sell side. The deal with BSR helps us achieve this goal and is a significant boost to our renewable power portfolio in the UK.”

Earlier this week, Shell acquired a 43.83% stake in US-based solar developer, Silicon Ranch Corp., with a possibility to increase its investment after 2021 (see Shell Acquires Interest In US PV Developer).

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani