Renewable power agency Statkraft and Aquila Capital, the German actual asset funding supervisor, have signed their first PPA in Spain for the Albeniz photo voltaic plant positioned in Andalusia on behalf of Aquila’s shopper.

This is a 5-year energy buy settlement beginning in 2022 with an revolutionary value construction during which Aquila Capital will present Statkraft with 100% inexperienced electrical energy at aggressive value ranges. 

The building allow was issued on 03 December 2020 and building works began in early January 2021.

The Albeniz photo voltaic park is positioned in Almería, South-Eastern Spain, and it’ll have a complete put in capability of 50MW. Once it’s related to the grid, the plant will produce 103GWh of photo voltaic power per yr of which Statkraft will offtake a majority of its electrical energy output. The energy generated by this photo voltaic plant will save 32,960 tonnes of CO2 emissions yearly.

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Statkraft and Aquila Capita have beforehand partnered in Nordic nations leading to vital operations equivalent to Aquila’s acquisition of Småkraft.

Simon Kornek, vp of South European Origination, mentioned:
“The energy generated by the photo voltaic plant Albeniz will probably be used to provide our industrial and business clients in Iberia and in Europe extra broadly.

“In Statkraft, we’re satisfied that the personal PPA market will proceed to play a main function to reply to the customer-specific calls for of inexperienced power patrons. Thus, we’re absolutely dedicated to assist our European clients and its provide chains remodel to 100% renewable energy and ship on their sustainability targets.”

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“We are delighted to have the ability to strengthen our partnership with Aquila Capital exterior of the Nordic nations. This new deal will permit us to proceed increasing renewables within the Iberian market with the assist of one among our most long-standing companions. Spain presents nice alternatives with regards to the event of renewable power and we imagine that the availability of PPAs equivalent to this one is essential to make sustainable power extra accessible for all sectors.”

The submit Statkraft and Aquila Capital signal 5-year PPA for 50MW Spanish park appeared first on Power Engineering International.

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