Solaria bags long-lasting PPAs for 150MW Spanish profile

Oct 5, 2020 12:45 PM ET
  • Solar designer Solaria has actually authorized a ten-year power acquisition arrangement (PPA) with power trader Axpo Iberia to sustain three of its utility-scale solar farms in Spain.
Solaria bags long-lasting PPAs for 150MW Spanish profile
Image: Solaria

The deal will certainly see Axpo obtain all power produced from a completed project in Castilla-La Mancha as well as two further projects, located in Castilla y León, which are to be connected to the grid next year.

The 3 projects have a combined ability of 150MW and are anticipated to produce around 240GWh of power annually.

Solaria-- not to be confused with the defunct upstream solar supplier of the same name-- has soaring targets for the Spanish market, intending to deploy greater than 3GW of utility-scale solar from a pipeline exceeding 6GW. It intends to end up being the market-leading independent power manufacturer (IPP) in Spain within the following three years.

As well as Axpo, Solaria has already landed PPAs from the likes of Alpiq and Statkraft to aid sustain that vision.

Enrique Diaz-Tejeiro, head of state at Solaria, stated the agreement showed that the company remained capable of signing significant PPAs with "Tier 1 gamers such as Axpo" despite difficult circumstances positioned by the pandemic.

"Likewise, we continue to focus on selling the energy from our photovoltaic plants at a long term fixed price, always looking for the best stability for our future income," he claimed.

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