The contracts, which will help bring new capacity online and decarbonise the grid, represent a major milestone for AlphaReal in delivering on its business model of securing fixed price offtake arrangements for new and existing renewable energy projects.
The solar energy projects at Whinfield High Grange Solar Farm and Bishopstone Solar have a combined capacity of 57.6MWp while the wind project CE Tacher Turbines has a capacity of 12.9MWp.
CfDs, which are focused on greenfield projects, effectively guarantee projects a fixed £/MWh based on a strike price which is indexed to Consumer Price Inflation and determined through an auction process. If the market price drops below the strike price the project is compensated for the difference while if the market price exceeds the strike price the project pays the difference.
“Greenfield projects are important for AlphaReal and securing contracts in the latest CfD Allocation Round delivers a long-term fixed price and indexed income, which reduces the price risk of our investments” said
Raza Ali, Investment Director, Renewable Infrastructure at AlphaReal.
AlphaReal’s renewable infrastructure offering follows a diversified UK-wide investment approach where it primarily invests in onshore wind and ground mount solar assets, both established renewable technologies that have been deployed at scale. The company works with a wide range of UK and European investors, including pension funds, insurers, and other large institutional investors.
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