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Renewables Infrastructure Group Ltd on Monday said it has signed a corporate power purchase agreement with BT Group PLC for the Blary Hill onshore wind farm in Scotland. Renewables Infrastructure is a Guernsey-based renewable energy infrastructure investment company, with a portfolio of wind, solar and battery storage projects across six countries in Europe. The company said pricing has been agreed for the duration of a 10-year agreement, on pay-as-produced terms. Renewables Infrastructure the deal gives long-term price security. Blary hill has a capacity of 35 megawatts, with 14 Nordex 2.5 megawatt turbines in operation. Richard Crawford, head of energy income funds at InfraRed Capital Partners said: ‘This is [Renewables Infrastructure’s] first corporate PPA, and we are pleased to be entering this agreement with a strong counterparty in BT Group that supports the UK transition to net zero. ‘Off-takers are seeing the benefits of fixing following the high power prices and volatility seen in 2022. We continue to look for attractive opportunities to fix revenues for TRIG, including through corporate PPAs.’ Renewables Infrastructure shares rose 0.9% to 124.74 pence each in London on Monday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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