Statkraft Enters Irish Market

Wind Industry Profile of

Yesterday Statkraft, one of the largest managers of renewable trading in the UK, German and Nordic markets, announced its entry into the Irish power market.

It has been granted a Supply Licence in ROI and has successfully concluded its first long term REFIT Power Purchase Agreement (PPA). The PPA is with Castledockrell, a 41.4 MW wind farm, for seven years. The timing coincides with the new iSEM market launch on 1st October which requires all generators and suppliers to become “balancing responsible”. With this agreement Castledockrell will mitigate the trading risk that has emerged for wind farms as a result of the new electricity arrangement in Ireland. Both parties underline the good cooperation and efficiency in getting the PPA arrangements in place... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Ireland, market entry, renewable energy, supply licence, PPA, REFIT PPA, consulting