Centrica Energy Trading signs two long term PPAs with leading European wind & solar investor

Centrica Energy Trading signs two long term PPAs with leading European wind & solar investor


Centrica Energy Trading has announced today that it has signed a long-term power purchase agreement (PPA) with Taaleri Energia for output from their operational renewable power portfolio in Finland, which totals 312 MW.

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.



About Centrica
Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 13 million customers across the UK, Ireland, North America and continental Europe through brands such as British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future.

Energy Marketing and Trading is the trading and optimisation arm of Centrica plc. We are a leading provider of energy management and optimisation services to businesses, in addition to managing commodity risk and providing wholesale market access for the Centrica Group. We have 14GW of capacity under contract in Europe, more than 80% of which is renewable assets.

About Taaleri Energia
Taaleri Energia is a Helsinki based renewables fund manager and developer. Taaleri Energia has one of the largest dedicated wind and solar investment teams in Europe and manages five renewable energy investment funds and a 1.6 GW portfolio of wind and solar assets.

Taaleri Energia is currently investing from the Taaleri SolarWind II fund which invests in utility-scale ready-to-build wind and solar assets in Europe (c.80%) and in the US (c.20%). It is estimated that the Taaleri SolarWind II fund will finance approximately 850 MW of renewable energy capacity, which will offset over 1 million tons of CO2 annually throughout the 25+ year lifetime of the assets.