A group of 20 UK universities has agreed a £50m ($62m) 10-year power purchase agreement (PPA) to buy renewable energy directly from windfarms across Scotland and Wales. Since then the PPAs have remained the preserve of larger, multi-site corporations because most renewable energy developers require hefty deals over long contract periods, according to Murphy. The deal will see the University of Edinburgh (UoE) take over the existing wind farm at Dunoon in Argyll for an initial period of five years before it is sold back to its original owner. The PPA was arranged by brokers at The Energy Consortium and Squeaky Clean Energy and will fix the price of the energy over the next decade. Norway’s Statkraft, which owns the windfarms, will guarantee energy provision. Institutions involved in the agreement include Aberystwyth, Anglia Ruskin, Exeter and Newcastle universities.
A group of 20 UK universities has agreed a £50m ($62m) 10-year power purchase agreement (PPA) to buy renewable energy directly from windfarms across Scotland and Wales. The deal will see the University of Edinburgh (UoE) take over the existing wind farm at Dunoon in Argyll for an initial period of five years before it is sold back to its original owner. The PPA was arranged by brokers at The Energy Consortium and Squeaky Clean Energy and will fix the price of the energy over the next decade. Norway’s Statkraft, which owns the windfarms, will guarantee energy provision. Institutions involved in the agreement include Aberystwyth, Anglia Ruskin, Exeter and Newcastle universities.