Statkraft Goes In For Another Solar Project In Spain

Statkraft Signs 5-Year Power Purchase Agreement With Aquila Capital For 50 MW Spanish Solar Project To Supply To Industrial Consumers; Subsidiary Solarcentury Secures Access Permits For 320 MW PV In Spain

Statkraft Goes In For Another Solar Project In Spain

Statkraft’s solar power purchase agreement with Aquila Capital is among several such contracts it has signed in Spain to sell green power to its C&I clients in the region. (Photo Credit: Solarcentury Holdings Ltd)

  • Statkraft will procure majority power generated by a 50 MW solar power park in Spain under a PPA agreement signed with Aquila Capital
  • The 5-year PPA for the project will provide Statkraft with clean power to be supplied to its C&I customers in Iberia and Europe
  • Statkraft group company Solarcentury has secured access permits for 320 MW PV capacity in Spain

European renewable energy supplier Statkraft has entered an agreement to procure solar power from a 50 MW PV project in Spain, one of the many such agreements it has signed in the country in the recent past (see Statkraft Signs Up For 252 MW More Solar In Spain).

However, it is the Norwegian company’s 1st such contract for solar power in Spain with German real asset investment manager Aquila Capital.

The 50 MW Albeniz Solar Park is currently under construction in Andalusia region of Spain having secured the construction permit in December 2020. The Almeria stationed project in South Eastern Spain is owned by an unidentified client of Aquila.

The 5-year agreement with an ‘innovative price structure’ with Statkraft will come into effect in 2022 when the project will be grid connected to generate 103 GWh of solar power annually. Statkraft will offtake a majority of its electricity output, shared Aquila.

Statkraft will use the power to supply its industrial and commercial customers in Iberia and in Europe. “In Statkraft, we are convinced that the private PPA market will continue to play a major role to respond to the customer specific demands of green energy buyers,” said Statkraft’s Vice President South European Origination, Simon Kornek. “Thus, we are fully committed to help our European customers and its supply chains transform to 100% renewable power and deliver on their sustainability targets.”

In a related news from Spain, Statkraft group’s subsidiary, UK based solar developer/EPC Solarcentury has secured access permits for its 2 solar PV plants with 320 MW capacity. One of the projects is 155 MW Arada Solar set to come up in Castellon municipalities of Vall d´Uxó and Chilches with total investment of €95 million to generate 290 GWh annually.

The other project is €115 million Tendetes Solar Park with 165 MW capacity to be located in Alicante region. On completion, it is expected to generate 320 GWh annually.

Back in November 2020, Statkraft announced 100% acquisition of Solarcentury boosting its global solar project pipeline to 8 GW with the British solar power company contributing its 6 GW pipeline in Europe and South America (see Statkraft To Acquire UK Solar Developer Solarcentury).

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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