Energy2market, EDF Trading and Green Energy 3000 sign long-term PPA for 5 MW/1.7 MW solar storage project as part of the Federal Network Agency’s innovation tender

EDF Group companies, EDF Trading and e2m, have signed a 10-year contract with the international project developer Green Energy 3000 for the marketing of electricity and flexibility from a plant combination consisting of a 5.1 MW solar park and a 1.7 MW battery storage system. The Federal Network Agency (BNetzA) selected this project as one of 16 awarded bids during its second tendering round. The BNetzA provides for a fixed market premium for technology combinations for 20 years, in particular for solar or wind power plants with battery storage.

Green Energy 3000 is an international project developer for PV and wind power plants based in Leipzig, Germany. The Großschirma I project is its first project to combine a solar park and battery storage. Two further projects will follow in the current year 2022.

EDF Trading supplies the long-term power purchase agreement (PPA) for the electricity generated by the solar plant. The short-term marketing and optimization of system flexibility on the electricity markets is handled by e2m, which integrates the systems into its virtual power plant.

e2m offers operators a fixed remuneration for the flexibility provided for the entire contract term of 10 years (Flexibility Purchase Agreement).

The financing commitment from DAL (Deutsche Anlagen Leasing), which is experienced in PPA-based RE project financing, shows that the product is particularly convincing in terms of long-term revenue stability.

The construction phase of the project has already begun. Commissioning is planned for spring 2022.

“We are pleased to be working with e2m on this innovative solar and battery project to offer a long-term fixed price PPA agreement. The PPA will help Green Energy 3000 to secure the revenue for this plant and thereby achieve Green Energy 3000’s sustainability goals .” – Valentino Scavardone, Head of Origination, EDF Trading

“We are proud to once again be at the forefront of innovation and sustainable solutions for the conversion of utilities to renewable energy. The PPA signed with EDF Trading and e2m for the photovoltaic system combination with battery storage is an important milestone that will serve as a template for further projects of this kind thanks to the constructive work of all partners involved. This opens the door to the planning, financing, implementation and operation of further combined solar energy/wind energy/battery storage projects. We would also like to thank DAL Deutsche Anlagen Leasing for the excellent cooperation.” – Andreas Renker, Managing Director, Green Energy 3000

“With this scalable solution, we are further expanding our position as a leading flexibility marketer and bringing large-scale PV storage to the most lucrative energy marketswith the help of our virtual power plant. Together with the solar park, we are making it possible for the large-scale storage system to be a central building block for the energy markets of tomorrow.” – Raphael Hirtz, Managing Director, e2m.

Image material

Click here for the recordings.

About Green Energy 3000

The Green Energy 3000 Group, which is organized as a holding company and headquartered in Leipzig, has been involved in the development and construction of solar parks and wind farms since 2004. There are now subsidiaries in various countries, which already contribute significantly to the group’s total turnover. In addition to the traditional project development areas, an integrated planning department for the implementation of technical and building law planning and approval procedures as well as a construction management department were added at an early stage. These are now supplemented by other specialist departments such as purchasing, sales, legal and commercial/technical management. In the meantime, the increasing operation of own plants, as in the Großschirma project, is also having an increasingly positive impact on the group’s overall turnover. For more information: www.ge3000.de

About EDF Trading

EDF Trading is active in electricity, gas, emissions, green certificates, LPG, oil and LNG (via JERA Global Markets). EDF Trading is a leader in the European wholesale energy markets for electricity and gas. EDF Trading is a wholly owned subsidiary of EDF SA, one of the largest electricity producers in the world and a leader in low-emission production For more information: www.edftrading.com

About e2m

Energy2market (e2m), founded in 2009 at its current headquarters in Leipzig, is one of the largest aggregators and energy traders for renewable energies in Germany. The energy service provider bundles, monitors and controls over 5,500 decentralized generation plants from renewable producers, electricity storage facilities and consumers via its own virtual power plant and networks them with the electricity trading markets. With 3,158 MW of marketed generation capacity from renewable energy plants, e2m is one of the largest direct marketers for energy and is the largest pool provider for balancing energy. In 2019, the business magazine Brand eins named e2m one of the most innovative companies in the energy sector; FOCUS Business voted the company one of the “TOP 50 SME employers” in 2018. With the infrastructure required to market energy flexibility, market access to all relevant trading markets and the many years of expertise of around 100 employees, e2m is helping to shape the energy market of the future. Since September 2019, e2m has been part of the renewables division Local Energy Management (LEM) of the energy group EDF. For more information: e2m.energy

About DAL

DAL is backed by the largest and financially strongest banking organization – a stable and crisis-proof network of almost 400 savings banks. DAL thus gives its customers access to the financing power of the Sparkassen-Finanzgruppe. DAL positioned itself in the future market of PPA projects at an early stage and is available to its customers with its expertise in customized financing solutions. For more information: www.dal.de

Note to editors: The companies are making a pioneering contribution to the energy transition: One of the first combined solar-battery storage projects is currently being built between Leipzig and Dresden as part of the innovation tender, which is expected to go into operation in spring 2022. It is one of just a few system combinations that the Federal Network Agency has awarded in its second round of tenders. Energy2market GmbH (e2m) is thus demonstrating that it offers its customers energy solutions with economic efficiency in the innovation tender segment. The large-scale PV storage project will be brought to the lucrative energy markets. The PPA will help Green Energy 3000 to secure future revenues for this facility.

e2m continuously markets flexibility on the most profitable trading and balancing energy markets. As the number of renewable energy plants increases, so does the challenge of reconciling fluctuating electricity production with demand, which is also becoming more volatile. This also increases the value of flexibility. Energy should be available when it is needed. Storage systems come into play and step in. The e2m makes it possible for storage system operators to generate considerable revenues with their systems. Operators of biogas plants, PV systems and wind turbines as well as utilities and industrial companies can also benefit from this lucrative flexibility.

If you have any questions, please contact:

Energy2market GmbH I Weißenfelser Str. 84 I D-04229 Leipzig
Anne Walter I Marketing & Communication
Phone: +49 341 230 28-237 I anne.walter@e2m.energy