Luxcara signs 300MWp PPA with Meta in Denmark

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Meta’s agreements with Luxcara in Europe represent almost €1 billion of renewable energy investments. Image: Luxcara.

Renewable energy asset manager Luxcara has signed a 300MWp of installed capacity power purchase agreement (PPA) with tech company Meta, formerly Facebook, in Denmark which it claims is the largest ever solar PPA in the country.

The agreement between the two entities comprises three solar projects, two in the region of Zealand and the other one in Jutland which will provide renewable energy for Meta’s data center in Odense and other operations in Europe and deliver 210MWac of electricity to the grid.

It also follows a previous PPA for output from a wind farm in Norway, with a total investment of nearly €1 billion (US$1.09 billion) in renewable energy between Meta and Luxcara.

Alexandra von Bernstorff, managing partner at Luxcara, said: ‘‘We are delighted to strengthen our relationship with Meta with this new, highly impactful PPA, and to further demonstrate our expertise in securing long-term, as-produced PPAs in new markets. We look forward to partnering with Meta for many more projects in the future and to drive the energy transition forward jointly.”

Earlier this year, Luxcara secured financing for 171MWp subsidy-free PV project in Germany which will supply power to Volkswagen.

Read Next

May 12, 2022
Energy investment platform CleanCapital has secured a US$200 million credit facility to support its pipeline of distributed solar and energy storage projects.
May 10, 2022
Cero Generation, a solar portfolio company of Macquarie’s Green Investment Group (GIG), has closed financing on its first corporate power purchase agreement (PPA)-enabled agrivoltaic project in Italy.
May 9, 2022
Solar developer Lightsource bp is setting up operations in France as it looks to reach a 1GW pipeline of large-scale PV projects in the country by 2026.
May 6, 2022
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
May 5, 2022
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
April 26, 2022
Investment fund Quinbrook Infrastructure Partners and its subsidiary Primergy Solar have closed a US$1.9 billion financing deal for a 690MWac/380MW hybrid solar-plus-storage project in the US.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA