ENGIE to buy power from £25m CHP plant

ENGIE has announced it will buy green power from a £25 million combined heat and power (CHP) plant in North Wales. It has signed a power purchase agreement (PPA) with […]

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By Jacqueline Echevarria

ENGIE has announced it will buy green power from a £25 million combined heat and power (CHP) plant in North Wales.

It has signed a power purchase agreement (PPA) with Equitix to buy all the electricity generated from the 4.8MW plant which is expected to produce 32GW of renewable energy annually.

The site, which received investment from the Green Investment Bank, will also save around 7,000 tonnes of CO2 per year.

It is expected to be completed in 2018.

Paul Rawson ENGIE’s UK Divisional CEO for Energy Solutions said: “Having worked closely with us to develop PPAs for other projects, Equitix knew we had the experience and expertise to offer a suitable PPA for Wrexham, giving them the payment assurances they needed. The rates we will pay for the plant’s output will be index-linked, giving investors the security of market-reflective prices for all electricity produced by the plant.”