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SOLARIA AND STATKRAFT SIGN A 10-YEAR 252 MW PPA

Madrid, 20 December 2019

 

Today, Statkraft, Europe’s leading provider of market access services and Solaria, leading PV power generator in Spain, have signed a long-term physical power purchase agreement (PPA) for five solar parks.

The initial duration of the agreement is ten years starting with the commissioning of the facilities.

The electricity will be supplied from three projects in Castilla y León and two in Castilla La Mancha. The five solar parks will have a total installed capacity of 252 MW, will produce around 500 GWh per year and will be connected to the grid progressively through 2020.

Darío López, COO of Solaria: „It is an honour to start working with Statkraft, a reference company in the European energy sector, and we are grateful for the confidence they have shown in Solaria. This agreement reaffirms our commitment to develop projects with very high quality PPAs that will allow us to access very attractive financing“.

Carsten Poppinga, Senior Vice President Trading & Origination at Statkraft: „We are proud to sign this PPA with one of the leading solar projects players in Spain and thus contribute to the further development of renewable assets. We will use this power to strengthen our position as a leading supplier of green power deliveries to major industrial customers on the Iberian Peninsula.

The energy poured into the grid by the photovoltaic plants included in these contracts will be 100% renewable and will reduce CO2 emissions into the atmosphere by more than 101,000 tonnes a year, thus helping the European Directive 2009/28/EC on the reduction of pollutant gases. The volume of these contracts is equivalent to the consumption of more than 150,000 Spanish homes per year.

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