Statkraft to get power from 40-MWp solar plant in Portugal

• Portuguese business Green Venture, via its subsidiary Simplewatt Unip Lda, has accepted market the output of its 40-MWp Valpacos solar park in northern Portugal to Statkraft AS under a power purchase agreement (PPA).

The Norwegian power company will get 70% of the solar plant's manufacturing, or around 340.5 GWh, for an 8.5-year duration under the terms of the PPA, it said today.

The remaining 30% will also be acquired by Statkraft.

Located in the northern city of Valpacos, the solar park can creating adequate energy to satisfy the annual demand of 10,885 homes.

Statkfraft's Vice President of Southern European Origination, Simon Kornek, noted that this collaboration enables the Norwegian utility to have a more powerful visibility in Portugal, where it has been active because 2021, and also to settle its placement as one of the most energetic players in the PPA market.