London-listed renewables fund The Renewables Infrastructure Group Ltd (LON:TRIG) has inked a deal to provide energy from its 35-MW Blary Hill onshore wind farm in Scotland to UK telecoms large BT Group Plc (LON:BT.A).
The ten-year energy buy settlement (PPA) is priced on pay-as-produced foundation.
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“This is TRIG’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,” said Richard Crawford, head of energy income funds at TRIG’s investment manager InfraRed Capital Partners.
Located in the Kintyre Peninsula, Blary Hill comprises 14 Nordex 2.5-MW turbines and has a capacity of 35 MW. The wind park, which was completed in early 2022, is a subsidy-free project that was fully funded from re-investment proceeds. It is managed by TRIG’s operations manager RES.
TRIG bought the company that owned the rights to construct the plant in 2020.
