SmartestEnergy and Low Carbon have signed new long-term power purchase agreements covering 300MW of UK solar capacity under the Contracts for Difference scheme.
The agreements span eight Allocation Round 4 and three Allocation Round 5 assets, with PPAs for the AR4 sites starting from July 2025 and the AR5 sites set to follow from April 2028.
The deal extends a relationship between the companies dating back to 2013, when they collaborated on projects developed under the Renewables Obligation scheme.
SmartestEnergy head of generation sales Angus Widdowson said: “These latest PPAs demonstrate the trust and commitment Low Carbon has in us to provide a competitive and bankable route to market for their CfD assets.”
Low Carbon head of power management Marco Verspuij said: “This type of PPA acts as a vital tool for Low Carbon to help manage price risk as part of our growth as a next generation independent power producer.”
The companies said the agreement will support the UK’s net zero ambitions and advance shared goals in the transition to clean energy.
