Energy trading and services company ElectroRoute has signed four power purchase agreements (PPAs) with renewable energy investor Low Carbon to manage and trade electricity from 140 megawatts (MW) of new UK-based solar farms.
The agreements cover four solar projects—Birch Solar Farm (40MW), Sandon Brook Solar Farm (49.9MW), Fern Brook Solar Farm (30MW), and Long Meadow Solar Farm (18MW)—providing a route-to-market solution and continuous trading access for the assets once they are operational.
ElectroRoute will deliver 24/7 trading services to optimise the energy output from the solar farms, all of which are owned and operated by Low Carbon. The projects are expected to generate enough renewable electricity to supply around 50,000 homes annually.
“This collaboration reflects ElectroRoute’s commitment to supporting the energy transition in Great Britain and providing bankable solutions to renewable energy developers,” said Brian Kennedy, head of client origination at ElectroRoute. “Our collaboration with Low Carbon is a testament to the trust placed in ElectroRoute’s expertise in energy trading and risk management.”
The agreement represents a further expansion of ElectroRoute’s renewables portfolio in the UK and highlights its role in facilitating the growth of clean energy capacity across Europe. ElectroRoute, owned by Mitsubishi Corporation, has been increasing its activity in balancing services and trading for renewable assets across its markets.
Low Carbon said the agreements will support its ongoing mission to help decarbonise the UK power grid.
“To meet our decarbonisation targets in the 2030s, renewables must become the cornerstone of energy production in the UK,” said Marco Verspuij, head of power management at Low Carbon. “Forging partnerships with industry leaders, like ElectroRoute, is critical in that regard—helping ensure 24/7 market access and trading services for our assets.”
The projects are part of a broader effort to accelerate renewable deployment in the UK as it works toward its legally binding climate goals.
