Holaluz, BayWa r.e. ink PPA for 20 MWp of solar in Spain

• Spanish sustainable power retailer Holaluz Clidom SA (BME: HLZ) has authorized a ten-year power acquisition agreement (PPA) with German programmer BayWa r.e. to acquire the outcome from its 20-MWp Poblete solar farm in Spain, the events said on Tuesday.

BayWa r.e is readied to develop the plant near the name community in the Castile-La Mancha region and also anticipates to appoint it in the summer of 2022. Poblete will be BayWa's seventh subsidy-free solar project in Spain, the German company said.

"After effective large-scale agreements for our Don Rodrigo, Don Rodrigo II, Tordesillas I as well as II, Illora and also Archidona solar parks, this brand-new PPA with Holaluz shows once again that grid parity is coming true," commented Daniel Parsons, Head of PPA at BayWa r.e

The Poblete solar farm is expected to generate around 37.5 GWh of power in the first year of full production. The PPA will enable Holaluz to connect 9,500 new clients, the store said separately.

Holaluz and BayWa r.e. additionally authorized a framework agreement to assist the Spanish business's commercial and commercial consumers acquire trustworthy energy services, amongst them self-consumption choices, e-mobility, and funding designs, consisting of leasing as well as PPAs, the companions added.