Centrica Sign Deal for Överturingen Wind Farm in Sweden

Centrica closes balancing and hedging contract for a new 235 MW onshore wind farm in Sweden.

Centrica plc subsidiary Neas Energy has signed a 10-year deal for Centrica Energy Marketing & Trading to provide balancing and power trading for a new 235 MW “Överturingen” wind farm in central Sweden. The project has been developed by Macquarie Group’s specialist Green Investment Group (GIG) and SCA Energy AB (SCA); GIG will own 100 per cent of the equity in the project The project is backed by a 29-year corporate Power Purchase Agreement (PPA) with Norsk Hydro Överturingen wind farm is expected to generate 800 GWh of renewable electricity annually. Centrica subsidiary Neas Energy based in Aalborg Denmark... ... More: Official Press Release Cantrica

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Centrica, wind farm, Sweden, balancing and hedging contract, onshore, Överturingen