- Shell Energy Europe has signed up for solar power procurement under a 10-year contract in Spain
- Solaria Energia will provide 570 GWh solar power annually to Shell Energy Europe under the agreement
- The 6 solar projects will be commissioned through 2021 post which the PPA will come into force
Oil & gas Producer Royal Dutch Shell’s energy supplying subsidiary Shell Energy Europe B.V. will use solar power from Solaria Energia y Medio Ambiente, S.A. PV projects to supply to its B2B customers in Spain.
Under a 10-year power purchase agreement (PPA), Solaria will supply solar energy generated from 6 projects with a combined installed capacity of 300 MW. Together this capacity is to produce around 570 GWh of clean energy annually.
Projects are to be connected through 2021 and once these are commissioned, the PPA with Shell will kick into effect. In their joint statement, both the companies did not identify the projects covered under the contract.
“This solar power purchase agreement will enable us to supply more clean power to our customers, while also helping to support the continued growth of renewable power in Spain,” said Shell Energy Europe’s General Manager for Power, Rupen Tanna.
In May 2020, Sunco Capital started constructing 83 MW PV capacity in Ciudad Real under long term PPA with Shell Energy Europe (see Spanish Developer Building 83 MW Solar For Shell).
Solaria has also been contracted by Norwegian energy company Statkraft to supply 500 GWh of solar power annually from 252 MW capacity for 10 years, for which it raised long term financing of close to €140 million from Natixis last year (see Solaria Secures Financing For 252 MW).