A leading European renewables fund manager and developer, Finnish-based Taaleri Energia, has agreed a five-year PPA under which Centrica will off-take Taaleri’s power production across 13 sites. The deal reaffirms Centrica’s expertise in, and commitment to, supporting the growth of sustainable energy systems across Europe though providing route-to-market services.

10-year corporate power purchase agreement

Furthermore, Centrica Energy Trading will be responsible for the long-term trading and balancing for one of Taaleri Energia’s Norwegian wind projects. The 10-year agreement for the 33 MW project is part of a larger European renewable corporate PPA where Centrica will provide supply services for the off-taker on behalf of the project.

This agreement is Centrica’s first corporate PPA with Taaleri Energia and is further recognition of Centrica’s leading expertise in structuring and managing corporate PPAs.

Commenting on the agreements, Cassim Mangerah, Managing Director of Centrica Energy Marketing & Trading said:

We are excited to deepen our relationship with Taaleri Energia and help them to realise their green ambitions. Being awarded its Finnish operational renewable portfolio and growing our presence in Norway is an important milestone for our route-to-market business, and demonstrates our reputation and capabilities as a leading partner in renewable energy trading and corporate PPAs”

Taaleri Energia’s Managing Director, Kai Rintala, said:

“We are pleased with these long-term agreements with Centrica. We have concluded a series of successful PPAs together and we value Centrica’s expertise and capabilities when it comes to renewable energy trading and risk mitigation.”