Energiekontor protects 3rd solar PPA in Germany

May 6, 2020 12:43 PM ET
  • The German solar developer has actually safeguarded a power acquisition arrangement from French power titan Engie, which has actually consented to acquire electrical energy from a 41.5 MW solar plant under growth in the Mecklenburg-Vorpommern area.
Energiekontor protects 3rd solar PPA in Germany
Image: Energiekontor

German solar project developer Energiekontor has actually protected a 15-year power acquisition arrangement (PPA) from French power firm Engie.

The electrical energy will certainly be provided by a 41.5 MW solar park Energiekontor plans to construct in the Mecklenburg-Vorpommern area of northeastern Germany by following year.

Both events to the contract did not divulge the solar energy acquisition rate. The unsubsidized solar plant is anticipated to produce around 45.6 GWh of power every year-- adequate to provide about 15,000 houses.

The bargain notes Energiekontor's 3rd unsubsidized PPA, adhering to arrangements to provide German power business Innogy as well as EnBW in 2014.

PPA leads

" The future in Germany comes from PPA-based solar parks," claimed Energiekontor CEO Peter Szabo. "We more than happy to have actually located Engie, the 3rd significant provider that is taking this brand-new course with us and also therefore reinforcing our introducing duty."

Bernd Dinauer, head of the Engie international power markets service system for Germany, claimed: "With this lasting agreement, both business are making a significant payment to the marketplace combination of renewable resources, which ought to proceed also in times of situation."

Power sector administration working as a consultant Enervis lately informed pv magazine the Covid-19 pandemic has actually shadowed the potential customers of the unsubsidized PPA market in Europe. "With the present [power] area price level on the European markets, there is barely a service design for projects without [aid] financing," claimed Enervis expert Tim Steinert. "If you contrast the present wholesale [power] costs with the complete prices of the projects, you will certainly not see a market on which a subsidy-free organisation version still functions under the existing problems."

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