Germany-based energy company Energie Baden-Württemberg (EnBW) has signed power purchase agreements (PPAs) for 150MW of a solar park project being built in Andalusia, Spain.
The ten-year PPAs have been signed with wind and solar plant operator Blue Elephant Energy (BEE).
Go deeper with GlobalData
In a press statement, EnBW said: “PPAs make it possible to build and operate unsubsidised renewable power plants and are therefore a key tool of the energy transition.”
BEE’s solar park project comprises three PV plants, each with a 50MW capacity. The project will have an eco-friendly power production capacity of around 315GWh a year.
This capacity is enough to power around 95,000 households and reduce carbon dioxide emissions by around 96,000 metric tonnes a year.
The three solar parks, currently under construction, are planned to be connected to the grid in the second quarter of next year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBEE chief investment officer Tim Kallas said: “In the rapidly growing market for green electricity, power purchase agreements secure predictable revenues and enable us to realise projects that are not government-funded.
“That is why we are pleased to realise our first unsubsidised solar power project in Spain, together with EnBW, while contributing to a sustainable and clean energy supply on the Iberian Peninsula.”
EnBW trading division head Peter Heydecker said: “As EnBW’s trading division, we connect developers and operators of renewable power plants with the market [through] tailor-made products and services.
“We are pleased that we are now also able to contribute our expertise to the Spanish market.
“With our long-standing experience on both the generating and trading side, we see good marketing opportunities in the Spanish wholesale market as well as for customer-specific solutions.”
In 2019, EnBW signed a 15-year deal with Energiekontor to purchase 100% of the power produced at a solar park in Germany at a fixed price.
