Under the terms of the PPA, Gdf Suez will acquire all the output from the Beinn Ghrideag wind farm, as well as all ROC and LEC certificates generated by the facility, for a total period of 17 years.
The electricity generated from the wind farm, which is scheduled to be completed in September 2015, will be purchased by Gdf Suez Energy.
Being developed by the Point and Sandwick Development Trust (PSDT), the project will feature 3x3MW wind turbines to generate 25-30GWh of electricity per year, which is enough to power up to 9,000 homes.
GDF SUEZ Energy UK local portfolio management head Paul Roberts said: "We are building a strong reputation as a reliable partner in the power purchasing arena, with many large and successful projects under our belt.
"We’re delighted to be helping the Scottish Government achieve its aim of having 500MW of community-owned renewable energy capacity by 2020."
Santander will provide £11m of the £15m investment needed for the construction of the power plant while the additional funding will be provided by Renewable Energy Investment Fund and the Big Lottery Fund.
