The first agreement is with the 44.2MW Snetterton biomass plant in Norfolk which is operated by BWSC East Anglia, while the second is with the 39.3 MW Templeborough Biomass Power Plant in Rotheram.
Under the terms of the PPA GDF Suez will buy the full 350 GWh and 315 GWh produced by each plant respectively per year once they begin operations at the end of 2016 and beginning of 2017.
The deals broaden the company’s renewable supply portfolio which has previously focused on wind power generation and energy-from-waste technologies, said the supplier’s head of local portfolio management Paul Roberts.
“It demonstrates the flexibility of our PPAs, which present an attractive and secure proposition for any type of renewable energy plant,” Roberts added.
GDF Suez added that the output from Snetterton and Templeborough plants will be purchased at an index-linked rate, providing a market-reflective price for the electricity generated. To provide an assured return on investment, the PPAs also include a floor price, guaranteeing a minimum rate for the output from both plants, the company added.