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Publish Date : 07-Feb-2019

Centrica plc has entered into a long-term contract with Moray Offshore Windfarm (East) Ltd to trade and balance 76.7 pct. of the electricity generated from the 950 MW installation.

Centricas Energy Marketing and Trading division has signed a Power Purchase Agreement (PPA) that covers all Balance Responsible Party (BRP) services and the trading of the power generated in the UK day-ahead market. The PPA contract is for a 15-year period starting from commercial operation which is scheduled for 2022.

Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading, said We are excited to have secured the PPA for the Moray East windfarm. The contract represents another milestone for our route-to-market business and is a testament to the level of sophistication and capability we have built.

The deal re-affirms our commitment to the development of renewable infrastructure projects and demonstrates further progress in this growth area of our business.

Oscar Diaz, Project Director for Moray East said: Moray East is a landmark project for the offshore wind industry, delivering sustainable, renewable generation at a highly competitive power price. This PPA brings high-capacity, low cost, low-carbon power generation to the UK wholesale market on a long-term contract with associated stability for the entire CfD period.

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