Erova Energy has signed a corporate PPA deal CareyGlass for the supply of renewable power from Curraghgraigue Wind Farm
DUBLIN– 6th February 2025
CareyGlass in Nenagh, Co. Tipperary, have signed a Corporate Power Purchase Agreement (CPPA) with Erova Energy, securing the supply of renewable electricity to power their operations. The agreement aligns with both companies’ sustainability commitments, ensuring the supply of locally produced green energy while contributing to Ireland’s transition to a low-carbon economy.
Under the terms of the deal, Erova Energy will provide CareyGlass with renewable electricity sourced from Curraghgraigue Wind Farm situated outside Nenagh.
Managing Director of Curraghgraigue Wind Farm, Baden Powell, said: “By supplying clean, renewable wind energy to large energy user CareyGlass, we are not only contributing to the reduction of greenhouse gas emissions but also aiding businesses in the pursuit of more efficient and responsible energy use. This is a 30-year commitment to generating green electricity. It is immensely rewarding to see it being utilised so close to its source, demonstrating the tangible benefits of our dedication and innovation.”
Danny Mills, Head of Erova Supply, welcomed the agreement, stating: “This partnership demonstrates how large corporate businesses can take direct action to decarbonise their operations while securing price stability. We are delighted to support CareyGlass as part of their sustainability journey and contribute to Ireland’s renewable energy future.”
Corporate PPAs play a crucial role in accelerating investment in renewable energy infrastructure by providing revenue certainty to developers. This agreement showcases how large energy consumers can proactively reduce their carbon footprint while managing energy costs effectively.
CareyGlass were supported during this PPA process by Exemplar Energy from Cork. CareyGlass’s long-term commitment to renewable energy reflects a growing trend among Irish businesses looking to enhance sustainability and resilience in the face of evolving energy challenges.
Sinead Gleeson from CareyGlass said: “By entering our second CPPA for renewable energy, we are ensuring that we are playing our part to reduce emissions with another source of renewable electricity, helping achieve our sustainability goals.”
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About Erova Energy:
Erova was established in 2015 and has grown rapidly in both financial strength and products offered to the market. Having created a bespoke trading platform with 24/7/365 operation capabilities and trading across the full energy spectrum (power, gas and certificates), Erova has been able to offer bespoke route -to-market agreements in the UK and Ireland. A-rated Mitsui & Co invested in the company in March 2018. See http://erovaenergy.com/wp/
For the UK, we have continued to develop our PPA structures and continue to provide fully tailored Route-to-Market access for both renewable and flexible generation. Unlike the Irish market which continues to develop a large number of subsidy back products, the UK is moving forward with a subsidy free portfolio of projects and Erova are working with developers to maximise the value of these merchant assets especially with additional revenue streams such as the Balancing Market.