Centrica will trade and balance 76.7% of power, covering forecasting, scheduling, dispatching, trading of production, balancing and settlement, as part of the deal struck with Moray Offshore Wind Farm (East) Limited,
The 950MW wind project won a Contract for Difference (CfD) from the UK Government in 2017 to supply electricity at £57.50/MWh.
It is to be developed 22km off the coast of Scotland and expected to generate enough electricity to power 950,000 homes.
The PPA is for a 15-year period, starting from commercial operation which is scheduled for 2022.
The deal with ENGIE covers the remaining 23.3% of the electricity generated by the wind farm.
Oscar Diaz, Project Director for Moray East said: “Moray East is a landmark project for the offshore wind industry, delivering sustainable, renewable generation at a highly competitive power price. This PPA brings high capacity, low cost, low carbon power generation to the UK wholesale market on a long term contract with associated stability for the entire CfD period.”
The Moray East consortium is currently owned by EDPR (43.3%) and Diamond Green Limited, which is partly owned by DGE (33.4%) and ENGIE (23.3%).