MEMBER PRESS RELEASE – PPAYA expands into the Irish market, signing a 4MW Anaerobic Digestion portfolio with Gravis Capital Management Ltd.

MEMBER PRESS RELEASE – PPAYA expands into the Irish market, signing a 4MW Anaerobic Digestion portfolio with Gravis Capital Management Ltd.

We are thrilled to announce our successful entry into the Integrated Single Energy Market (I-SEM) with the addition of our first Northern Irish AD sites. This achievement has been made possible through our partnership with Gravis Capital Management Ltd. The forward-thinking fund management company who specialise in long-term investments in essential infrastructure projects, such as schools, hospitals & renewable energy.

PPAYA can now provide a multitude of Power Purchase Agreement (PPA) services across both the mainland UK and the island of Ireland. Our CEO and founder, Kristina Rabecaite, expressed her enthusiasm for this milestone, highlighting our 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.”

Michael 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.”

-ENDS-

For further information, contact:

Georgia Burnside at georgia@ppaya.co.uk