Energy investor Gülermak Renewables has signed a 10-year power purchase agreement (PPA) with energy trading company ElectroRoute for a 49.5 MW solar PV project in Essex.
Under the PPA, ElectroRoute will provide route-to-market and optimization services for the Hanningfield project and trade-in its power over the term of the agreement.
The project has a Contract for Difference (CfD) and the PPA with ElectroRoute. It was awarded the CfD in allocation round 7 (AR7), which closed in January. Gülermak purchased the site from Cell Energy in 2025, marking its entry into the UK solar market.
“This PPA is an important milestone on our journey to become a major owner and operator of sustainable assets across Europe,” said Türkekul Doğan, CEO of Gülermak. “In less than two years, we have acquired a pipeline of more than 650 MW of solar, wind and battery systems in Britain, Poland and Germany, and built a growing team of expert employees spanning the entire energy development value chain.”
The company bought a 19.3 MWp turnkey PV project in West Sussex last week and acquired a 49.9 MW energy storage project in Scotland from RES last October.
Caoimhe Giblin, co-CEO of ElectroRoute, said the agreement with Gülermak “demonstrates the trust placed in our expertise in energy trading and risk management.”
ElectroRoute – a subsidiary of Mitsubishi Corporation – entered the UK renewable energy and energy storage market in September 2024, after establishing a presence in its native Ireland in the areas of energy trading, optimization and risk management.
