Back to top
Reported by Erova Energy on 1 October 2018

Erova signs first Balancing Agreement ahead of the new Irish Electricity Market

Erova, an independent energy trading and services company based in Dublin with offices in London and Amsterdam, announces it has contracted with Greencoat Renewables PLC to manage the balancing requirements for two wind farms (Knockacummer and Kill Hills) as required under the new Integrated Single Electricity Market (I-SEM).

(Courtesy of pixabay.com)

As of October 1st all generators within the Irish market are required to be “balance responsible” under the new I-SEM arrangements. Knockacummer and Kill Hills have contracted with Erova to manage this balancing requirement.

Erova provide generators with a range of trading services from traditional PPAs through to flexible Route to Market trading arrangements. With the Imbalance Agreement, Erova can provide trading solutions to generators who are already in a contractual relationship for REFIT payments without the need to terminate the current arrangements.

Michael Donnelly of Erova Energy said: “We are excited about our new contract offering to the Irish market and are delighted to have entered into an agreement with Greencoat Renewables PLC. Working closely with clients and banks Erova have been able to develop a bespoke solution to some of the unique challenges posed by the I-SEM.

References

[1]

Erova Energy Limited. Press release - Erova signs first Balancing Agreement ahead of the new Irish Electricity Market. URL: https://erovaenergy.com/News/erova-signs-first-balancing-agreement-ahead-of-the-.... [Date Accessed: 01/10/2018].

Operation & Maintenance

27 Nov | Pattern recognition for ONYX InSight’s predictive maintenance services on 950MW of wind assets

Leading predictive analytics provider hooks up 950MW to its hardware, software and analytics platform for Pattern Energy, expanding 4-year long relationship between the two companies in North America.

Operation & Maintenance

25 Sep | Shell selects E.ON to operate Texas Wind Farm

Brazos Wind Ventures, LLC, a subsidiary of Shell Wind Energy ("Shell"), has signed an operations and maintenance contract with E.ON Energy Services LLC (EES) for its site near Fluvanna, Texas. E.ON will perform scheduled maintenance services on the 160-megawatt (MW) site.

Operation & Maintenance

10 Sep | North American Wind Power O&M Costs to Increase Nearly 40 Percent in Coming Decade, IHS Markit Says

Expanded North American benchmarking study says larger projects have greater cost-stability over time