Spanish company Iberdrola has announced signing a power purchase agreement (PPA) with food distribution company Uvesco Group, operating under the trade name of BM Supermercados. Iberdrola says this is the first PPA signed between a power company and a distribution group in Spain. However, the company doesn’t specify the number of years or the financial terms.

The Spanish power company will provide power to Uvesco Group through its under-development project, the 391 MW Nuñez de Balboa solar power plant coming up in Usagre (Badajoz-Extremadura) region of Spain. It says on completion in 2020, the project ‘is set to be Europe’s biggest solar power plant’.

“PPAs open up new opportunities for the development of energies that will set the standard for the world’s energy future. Renewables have proven their competitive advantage and their ability to supply power at affordable and stable prices,” said Ángeles Santamaria, CEO of Iberdrola España. “In the long-term, PPAs will rise as an instrumental tool in managing the power supply for large consumers who are committed to achieving green and sustainable consumption.”

This is the 3^rd client Iberdrola has managed to get to sell power to from the 391 MW project. The other two companies that will purchase power from this plant once its starts commercial operations are telecom group Euskaltel and Kuxtabank (see Spain’s Iberdrola Laps Up 2^nd PPA For 391 MW Plant).