Sonnedix Secures 11-Year Solar PPA in Spain
- Sonnedix, a leading independent solar producer, has signed a renewable energy power purchase agreement (PPA) with one of Europe's main energy groups. The 11-year PPA will provide green electricity from a 50MW solar PV plant located in the province of Albacete, Castilla-La-Mancha, Spain.
What happened?
Sonnedix has signed an eleven-year renewable energy power purchase agreement (PPA) with one of the main energy groups in Europe. The PPA will provide green electricity from a 50MW solar PV plant located in the province of Albacete, Castilla-La-Mancha, Spain. The PPA commenced at the beginning of 2023 and will have a total duration of 11 years. Sonnedix had acquired the solar PV plant at the end of 2021.
Why does it matter?
This agreement is a major step forward for Sonnedix, as it solidifies the company's position as a leading independent solar producer. The PPA will provide green electricity to one of the main energy groups in Europe, furthering the goal of a more sustainable energy future. Additionally, the agreement enables Sonnedix to expand its renewable platform not just in Spain, but also in Portugal, where it acquired a 262MW solar PV portfolio in 2021.
What's next?
Sonnedix is committed to continuing its sustainable growth, and is currently exploring other opportunities to further expand its renewable platform. The company is looking to develop projects in both Spain and Portugal, as well as other countries in the region. Sonnedix is confident that its commitment to renewable energy will create positive outcomes for both the environment and the local communities in which it operates.
