SSE Energy Markets has signed two 15-year route-to-market power purchase agreements (PPAs) with Low Carbon, securing 52MW of solar capacity for projects in North West Wales and South East England.
The agreements cover the Feldon Vale and Long Meadow solar power stations, which are expected to commence commercial operations in 2026.
The combined solar capacity is expected to generate approximately 76 GWh annually. The government insured both projects Contracts for the difference (CfD) through previous allocation rounds, providing long-term revenue security for the developments.
Under the agreements, SSE Energy Markets will provide comprehensive route-to-market and optimization services at a fixed price, managing balancing risk and marketing Renewable Energy Guarantee of Origin (REGO) certificates on behalf of Low Carbon.
The deal expands SSE’s portfolio of CfD-backed assets to 2.8 GW.
Gordon Bell, Managing Director of SSE Energy Markets, highlighted the strategic importance of the partnership: “These agreements demonstrate our commitment to supporting the growth of renewable energy in the UK and our ability to provide comprehensive route-to-market solutions for solar developers.”
The agreements follow SSE Energy Markets’ recent expansion into sustainable energy services, including: route-to-market PPA with CWP Energy and a battery optimization agreement with Copenhagen Infrastructure Partners.
SSE Energy Markets’ route-to-market services include energy trading, balancing services and renewable energy certificate management, providing developers with comprehensive revenue optimization solutions.
The fixed price structure provides predictable, low-carbon costs while transferring market risk to SSE’s experienced trading team.
Low Carbon’s portfolio includes renewable energy projects in operational and development stages across multiple technologies, with solar energy forming a key part of the company’s asset base.
At the end of last year, the renewables company said it would expand its renewable energy pipeline by “several gigawatts” following an investment of almost £1.1 billion.
The renewable energy company secured what it called a “landmark investment” from CVC DIF, part of CVC, the operator of global private markets. Combined with follow-on investments from existing shareholder MassMutual, refinancing existing project finance debt and raising a Holdco facility, the total is approximately £1.1 billion in committed capital.
