Pfalzsolar agrees first PPA in Germany

• German engineering, procurement and construction (EPC) company Pfalzsolar GmbH has signed its very first power purchase arrangement (PPA) to supply electrical energy from the Dankmarshausen solar park to its parent company, power provider Pfalzwerke AG.

A total of 1,340 kWp of the solar park's result will certainly be provided to Pfalzwerke up until completion of 2025, Pfalzsolar said on Monday.

Found on a previous garbage dump location, the Dankmarshausen solar park has a complete ability of 2 MW as well as becomes part of the lasting strategic advancement of Pfalzsolar's own solar park portfolio. The continuing to be 750 kWp electrical energy generated by the plant is marketed under the EEG.

The electricity cost set in the PPA is very attractive and the agreed monthly resistance variety of electrical energy supply gives an alternative for added profits in times of higher result, said Pfalzsolar's CFO Matthias Fehrentz.

PPAs could come to be an essential market component in the power change in future and also could be used to serve customer demands in both the up as well as downstream service, claimed Pfalzwerke's distribution manager Uwe Veth.

Pfalzsolar has actually been creating, constructing as well as operating large-scale ground-mounted solar plants as well as roof PV systems considering that 2003.