Under the terms of the deal, Erova will provide route-to-market, trading and balancing services for the portfolio.
July 24, 2026
UK independent power producer (IPP) Elgin Energy has signed a 15-year power purchase agreement (PPA) for a 112.6MW solar PV portfolio with the Erova Energy Group, a renewable asset optimisation company.
The Elgin-Erova deal covers three UK solar projects at which construction started earlier this year: the 61.9MW Thorpe facility in Staffordshire, the 26.2MW Aston Flamville Park in Leicestershire and the 24.5WM Maes Mawr project in Glamorgan.
Engineering, procurement and construction (EPC) work, in addition to operations and maintenance (O&M) services, are being delivered at all three projects by Metlen, the company that served as EPC contractor for the 373MW Cleve Hill Solar Park, the country’s largest.
Under the terms of the deal, Erova will provide route-to-market, trading and balancing services for the portfolio. The company said that since its July 2025 acquisition by the Macquarie Group it has sought to sign “larger tenders” and “longer-term contracts”, and this deal is certainly of a larger scale than ones signed prior to the Macquarie acquisition; in February 2025, the company signed a PPA for a 2.6MW wind farm in Ireland.
Related:SmartestEnergy, Greentech ink CfD PPA for Kent solar project
“These agreements highlight Erova’s ability to support larger renewable projects in the UK through flexible, long-term PPA and risk management solutions,” said Erova CEO Nick Williams. “As solar generation continues to evolve, effective market optimisation is becoming increasingly important.”
Industry experts spoke about the importance of hedging strategies to manage financial risks in the UK’s current economic climate at this year’s Renewables Procurement & Revenue summit, hosted by Solar Power Portal publisher Solar Media. During the event, Frontier Economics’ Claire Thornhill said the UK struggles under the weight of “really high” power prices, which has led offtakers to develop strategies to minimise financial risk while maintaining investment in the sector.
All three Elgin projects were awarded Contracts for Difference (CfDs) in Allocation Round 6 (AR6) of the UK government’s tender scheme. This round, completed in September 2024, saw a then-record 3.3GW of new solar PV capacity awarded, a figure that was surpassed by the more recent AR7, and which has led to optimism surrounding the eight round of the government programme.
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JP Casey
Section Editor, Informa
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