Business energy supplier Gazprom Energy has signed a seven-year deal with renewables generator Infinis to purchase hydroelectric power and associated renewable certificates from ten sites across the UK.
The deal, which becomes effective from October 2013, will see Gazprom Energy purchase up to 17MW of renewable power per year from Infinis. The deal includes trading power generated at ten Infinis hydro sites across England and Wales including at Barton Lock in Greater Manchester, Beeston Weir in Nottingham, the Elan Valley in South Wales and Duror in the Scottish Highlands. The transaction also includes the ability for Infinis to trade the Renewables Obligation Certificates (ROCs) and Levy Exemption Certificates (LECs) associated with the power purchased.
This offtake agreement follows Gazprom Energy’s commitment to purchase power (and associated certificates) generated from 37 of Infinis’ landfill gas sites in 2011.
