Limejump has agreed terms on a Power Purchase Agreement with Next Energy Solar Fund, potentially bringing 120MW of solar PV into its virtual power plant (VPP).
The aggregator said it is also working with Next Energy on its battery storage projects, which were connected at two of its solar farms in May. The fund is mulling further investment in co-located storage.
Limejump said the PPA deal enables Next Energy to try to take advantage of price volatility while reducing risk and imbalance costs.
The solar fund has almost 700MW of operational PV and is evaluating some 600MW with a view to acquisition or development.
The company said recently that it hopes to announce construction of subsidy-free solar plants in April.
Next Energy Solar Fund last month posted a 34% profit jump to £18.4m for the six months to 30 September as output increased 7.9% due to record breaking irradiance levels over the period and a 122MW increase in installed capacity.