Independent Power Producer (IPP) Low Carbon has appointed Danske Raw materials to offer balance services for a British solar energy center.
Under a balance agreement between the two companies, Danske will offer commodities market access and balance for the 49.9 MW Feldon Vale Solar Plant, based in Stratford-Uvon. The Feldon Vale Solar site is currently under development.
Head of European origin for dance raw materials, Sofie Duedahl, said: “We want to be a preferred partner for British assets owners via energy market services for both renewable and flexible energy generation.”
The Danish Energy Trading Company, which was taken over by Equinor in 2019, says it has a strategic ambition to support the energy transition of the UK. Danske Commodities has been active in the country since 2009 and has a British electricity folio that spans onshore wind, offshore wind, solar and battery storage.
It signed a three -year optimization agreement for the 35 MW which in Mill Battery Energy Storage System (Bess) is owned by Equinor and developed by Noriker Power last year. The year before, it signed its first British optimization agreement for the 25 MW/50MWH two hours of expensive storageactive Blandford Road, also owned by Equinor.
Danske Commodities is a completely own daughter of Equinor. The Norwegian company recently announced that it would integrate its solar PV and wind -renewable energy portfolios with its gas generation and flexible energy portfolios of the energy storage in a new combined business area.
Around the same time, Low Carbon announced that it had formed a strategic partnership with insurance company Paratus, a movement that would reduce the risks related to the renewable portfolio.
Working with Paratus, a specialist in Energy Price Insurance (RE), would limit the exposure of power purchase agreements (PPAs) and route-to-market (RTM) strategies to energy market fluctuations that can adversely affect them, Low Carbon said.
The British PV portfolio of Low Carbon comprises the 500 MW Gate Burton Energy Park project in Lincolnshire, which received a development assignment (DCO) from Energy Secretary Ed Miliband last year.
In October 2024, the 49.9 MW Layer Zonneboerderij in Essex was reinforced and marked the fourth large-scale solar project from Low Carbon to come online. The three other projects are the 23MW Crouch Solar Farm near Basildon, Braintree’s 35mw left Solar Farm and the 25mw Maldon Wycke Solar Farm.
The IPP is also in the early stages of developing another National Important Infrastructure Project (NSIP), a 500 MW of the Solar and Energy Storage project in Kent for which early consultations started in November 2024.
