Aquila, Axpo Iberia get in PPAs for 25 MW of Portuguese solar

• German asset manager Aquila Capital has signed numerous power purchase contracts (PPAs) with energy trader Axpo Iberia SL for the outcome of a 25-MW solar bundle in Portugal.

The power off-take contracts were signed for a duration of between five as well as 7 years, Axpo Iberia said on Wednesday. Under the bargains, the power retailer will certainly receive about 58 GW yearly generated from 4 of Aquila Capital's photovoltaic (PV) parks in Portugal.

The acquired capacity belongs to Aquila Capital's Portuguese portfolio, which presently stands at around 700 MW. The nuclear power plant' combined outcome suffices to cover the electricity intake of about 11,000 homes in Portugal and balanced out over 12,000 tonnes of co2 (CARBON DIOXIDE) emissions each year.

"The finalizing of this newest arrangement even more reinforces our position in the long-lasting power acquisition market on the Iberian peninsula," claimed Ignacio Soneira, taking care of director of Axpo Iberia.

Axpo Iberia is the Spanish subsidiary of Swiss energy team Axpo Holding AG