PPAYA, the digital marketplace for renewable PPAs, has announced its entry into the Integrated Single Energy Market (I-SEM) with the addition of the first Northern Irish Anaerobic Digestion (AD) sites.
Having partnered with fund management company, Gravis Capital Management, to complete the expansion, PPAYA can now provide a multitude of Power Purchase Agreement (PPA) services across both the mainland UK and Ireland.
CEO and founder, Kristina Rabecaite, highlighed the initial collaboration with Gravis in securing energy deals back in autumn 2022: “With the recent expansion into the Irish market, we are eager to utilise our unique online marketplace to support the renewable energy market in Ireland. Witnessing our platform facilitate global business growth is a testament to our pride and the exceptional partnership we have with Gravis.”
Michael Horton, portfolio manager at Gravis emphasised the significance of working together and the impact it has had on the Northern Irish market: “The portfolio of eight AD sites, exporting a total of 4MW, is currently providing renewable electricity to over 9,000 homes in Northern Ireland. We are proud to have formed a long-standing relationship with Kristina & PPAYA a number of years ago. Most recently, we relied on PPAYA’s team to successfully secure contracts for our portfolio in NI. We have full confidence that they will continue to find us the most favourable deals for future opportunities.”
Mr Horton added: “I’d like to thank Matthew and the wider PPAYA team for their unwavering support throughout the process of onboarding the Irish energy market onto their platform. We received clear communication, as well as prompt responses to enquiries regarding PPA legislations. Signing this deal via the platform provides pricing stability in a reducing market and delivers a great return for shareholders. We look forward to working continuing our relationship with PPAYA going forward.”