Shell & Solarpack Spark Spanish Solar Deal

• Solarpack, a Spanish developer, has signed a 10-year power purchase agreement with Shell Energy Europe, providing 105 gigawatt hours of clean energy a year. BBVA is financing the €38m project to support their commitment to sustainability and renewable energy, reinforcing Solarpack's presence in Europe. Shell Energy Europe is excited to be part of this transition to renewable energy, increasing Solarpack's installed capacity to 14,156MW worldwide.

Solarpack, a Spanish developer, has signed a 10-year power purchase agreement with Shell Energy Europe for the output from its 54MW solar project located in Murcia. It will supply Shell with 105 gigawatt hours of clean energy a year, starting in June 2024 and is being financed with €38m from BBVA. This project reinforces Solarpack's presence in Spain, one of the biggest solar energy markets in Europe. BBVA is backing the project in support of their commitment to sustainability and renewable energy. Shell Energy Europe is excited to be part of Europe's transition to a lower-carbon energy system and the agreement will increase Solarpack's installed capacity to 14,156MW worldwide.

What Benefits Does Solarpack's 54MW Solar Project Offer?

• By providing an additional 54MW of clean energy, the project significantly reduces Europe's dependence on fossil fuels.
• The project will help maintain Shell Energy Europe’s commitment to sustainability and renewable energy by providing clean energy for its operations.
• By using BBVA’s financing, the project is further contributing to the bank’s commitment to sustainability and renewable energy.
• The project will also help support Spain as one of the biggest solar energy markets in Europe.
• The 10-year power purchase agreement signed between Solarpack and Shell Energy Europe will help increase Solarpack’s installed capacity to 14,156MW worldwide.
• Solarpack’s 54MW solar project will supply Shell with 105 gigawatt hours of clean energy a year, helping improve energy efficiency and reduce emissions.