Spain’s Iberdrola Laps Up 2nd PPA For 391 MW Plant

Spanish Telecommunications Company Euskaltel Enters Long Term Power Purchase Agreement With Iberdrola For 391 MW Nuñez de Balboa Solar Project
06:57 PM (Beijing Time) - 14. October 2018

Spanish utility Iberdrola plans to put the 391 MW Nuñez de Balboa solar power plant in commercial operation in 2020. It has already secured two long term PPAs for the PV project, first with Kuxtabank and now with Euskaltel. Pictured is the Santiago solar power plant of Iberdrola in Mexico. (Photo Credit: Iberdrola, S.A.)

Key Takeaways

  • Iberdrola will sell clean power from its Spanish 391 MW Nuñez de Balboa solar power project to Euskaltel, a telecommunications company in Spain
  • Iberdrola has not revealed the term of the deal with Euskaltel
  • This is the second long term PPA Iberdrola has signed up for the 391 MW project; first one was with local bank, Kuxtabank

Spanish power company Iberdrola has signed a power purchase agreement (PPA) for its 391 MW Nuñez de Balboa solar power plant in Usagre, Badajoz-Extremadura with a telecommunications company in the country, Euskaltel.

This is the second PPA it secured for this project. In August 2018, it entered into a 10-year PPA with Kuxtabank for the 391 MW project (see Iberdrola Signs PPA With Bank For 391 MW PV).

Iberdrola has not specified how long is the term of the deal with Euskaltel, the company that also comprises R in Galicia and Telecable in Asturias. The 391 MW project is already under construction, and is due to be commissioned in 2020.

PPAs represent a huge opportunity for developing clean energy sources – the ones that will shape the future of the world’s power,” said Ángeles Santamaría, the Managing Director of Iberdrola Spain. “In the long term, PPAs – which are already highly developed in English speaking markets – will rise as an instrumental tool in managing the power supply for large consumers who are committed to achieving green and sustainable consumption.”

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani