A Swedish energy business has agreed to buy production from Banks Renewables' Hook Moor Wind Farm in West Yorkshire.
Banks Renewables, part of the North East-headquartered property and energy firm The Banks Group, has concluded a power purchase agreement (PPA) with Vattenfall Energy Trading.
The five-turbine Hook Moor scheme will be the first wind farm in the Leeds metropolitan area. Preparatory site development work has now commenced and the wind farm is scheduled to be fully operational before the end of 2015.
The 15-year PPA is on bankable terms covering the purchase of the power and green certificates.
Jake Dunn, Vattenfall Origination, said: "We were pleased to work with one of the largest independent wind developers in the UK and it has been a pleasure to work with Phil Whyman and his team at Banks.
"Vattenfall is committed to increasing its share of renewable generation through contracting long term PPAs in addition to developing its own wind farm assets."
Vattenfall is currently building three wind farms in Scotland, Wales and off the Kent coast with a total capacity in excess of 300MW.
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