Iberdrola signs PPA with northern Spain telecoms provider for 391MW solar project

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Euskaltel Group also runs telecoms providers R in Galicia and Telecable in Asturias. Credit: Iberdrola

Iberdrola has signed a power purchase agreement (PPA) with Basque Country-based telecoms provider Euskaltel to supply electricity from a 391MW solar project, in what is said to be the first PPA signed between a power company and a telecoms operator in Spain.

Iberdrola will build the Nuñez de Balboa solar plant in Usagre, in the Badajoz-Extremadura region. Iberdrola had already signed a 10-year PPA for the solar project with Grupo Kutxabank, in what it also claimed to be the first contract in the world of this kind to be signed between an energy company and a bank.

Ángeles Santamaría, MD of Iberdrola Spain, said: “PPAs represent a huge opportunity for developing clean energy sources – the ones that will shape the future of the world's power. Renewables have proven their competitive advantage and their ability to supply power at affordable and stable prices. 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.”

Euskaltel Group also runs telecoms providers R in Galicia and Telecable in Asturias.

Euskaltel Group MD Francisco Arteche added: “This agreement represents a step forward in our environmental commitment and our support for policies that foster best environmental practice within our organisation, as we strive to comply coherently and responsibly with the 2030 Agenda guided by the 17 Sustainable Development Goals defined in the Paris Agreement.”

Read Next

July 26, 2021
Oil and gas giant Eni has acquired 1.2GW of Spanish renewables from Madrid-based European private equity manager Azora.
July 19, 2021
Merchant solar and projects backed by power purchase agreements (PPAs) drove ground-mounted PV deployment in Spain last year, as the country installed its second-highest yearly amount of 2.8GWp, new figures from trade association UNEF reveal.
July 7, 2021
SmartestEnergy Australia has signed a PPA with Providence Asset Group, to deliver 500GWh of solar power into the national electricity market.
July 5, 2021
Shares in the renewables division of Spanish utility Acciona were up 7.3% on their initial public offering (IPO) price during their maiden day of trading on 1 July.
June 29, 2021
Soltec has signed an agreement to supply its SF7 bifacial solar trackers to Norwegian state-owned utility Statkraft for use in four PV projects being developed in the southern Spanish region of Andalucía.
June 28, 2021
Global IPP Sonnedix has acquired a 300MW solar PV portfolio from developer RIC Energy, with construction to start toward the end of 2022

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK