Plutus partner to build flexible generation portfolio in UK
Sep 11, 2015 18:55 CEST
September 11 – UK company Plutus PowerGen Plc (LON:PPG) said Thursday it has sealed a partnership with Reliance Energy Ltd to build a portfolio of flexible power generation facilities in the UK.
The agreement with Reliance Energy, a newly created developer of renewable energy and flexible generation projects in the UK, follows the signing of heads of terms between the companies in July. It will see the two focus on securing new project sites. Once a project has been procured, it will be developed by Reliance and built and managed by Plutus in return for a management fee. The equity will be split 70/30, with the party that successfully introduces the site getting the majority stake.
Plutus says it has a pipeline of sites under consideration with the potential for over 500 MW of flexible energy generation. Reliance, on its part, has funding sources and access to solar sites with grid connection agreements.
Plutus said the deal could allow an additional and faster route to market for new flexible generation facilities and could strengthen its balance sheet.
Reliance executive director Ben Prior said the partnership would provide exposure to Plutus’ development and operational skills, as well as opportunities to improve yield and to use the optionality of the power for existing solar installations.
Recommends:
Sungluber(TM) Solar Charger – Portable Dual USB Output Solar Panel 5000mAh Waterproof/ Shockproof/ Dustproof Backup Power Bank for iPhone 6/ 6 Plus/ 5/ 5s/ 5c, Windows and Android PhonesFeatures: 5000mAh solar charger external battery power bank Build-in 5000mAh lithium polymer battery Super waterproof and dustproo…
New Red 30000mAh Solar Power Bank Backup Battery Charger for GPS PDA Mobile PhoneDescription: ? Solar Plate Current:18.5Wh (Crystalline silicon) Cell type: Li-polymer battery Capacity: 30000mAh Input: 5.0V …
Zebora Powerful Portable Solar Charger Equipped with 2 Foldable Solar Panels and 10,000mAh Dual USB Ports Power Bank for Mobile Devices, Pads, Gopro Camera, GPS and More Other USB-charged Devices“Your satisfaction is our #1 priority”, contact us freely if you have any questions Power up Your Life Whenever and Wherever…
Anker PowerPort Solar (21W 2-Port USB Solar Charger) for iPhone 6 / 6 Plus, iPad Air 2 / mini 3, Galaxy S6 / S6 Edge and MoreAnker PowerPort Solar
Charge with the power of the sun.
From ANKER, America’s Leading USB Charging Brand
– Faster and safer…
Solar Power Bank
