Limejump has signed a power purchase agreement (PPA) with a hydro power plant in Scotland, it announced on 10 April. The PPA is with DHG Hydro/ Canaird River Company, which owns 1.2MW Langwell Hydro Power Plant, located near Ullapool.
Limejump said that this PPA will enable it to enter Langwell into National Grid’s Balancing Market (BM) as part of its virtual power plant aggregated balancing unit.
Furthermore, Limejump said the PPA will provide Langwell with wholesale energy market trading access, valued at £300,000 per year.
DHG Commercial Director Nicholas Curtis said: “We’re looking forward to working with Limejump in order to maximise the investment we have made at Langwell. Accessing markets, optimising assets and delivering investment return proves that sustainable resources, and in particular Hydro can compete with any generation type, cleanly and securely.”
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