Solaria bags long-term PPAs for 150MW Spanish portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Solaria's Palacios Del Arzobispo in Spain. Image: Solaria.

Solar developer Solaria has signed a ten-year power purchase agreement (PPA) with energy trader Axpo Iberia to support three of its utility-scale solar farms in Spain.

The deal will see Axpo procure all power generated from a completed project in Castilla-La Mancha and two further projects, located in Castilla y León, which are to be connected to the grid next year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The three projects have a combined capacity of 150MW and are forecast to generate around 240GWh of electricity each year.

Solaria – not to be confused with the upstream solar manufacturer of the same name – has lofty targets for the Spanish market, aiming to deploy more than 3GW of utility-scale solar from a pipeline exceeding 6GW. It intends to become the market-leading independent power producer (IPP) in Spain within the next three years.

As well as Axpo, Solaria has already bagged PPAs from the likes of Alpiq and Statkraft to help support that vision.

Enrique Diaz-Tejeiro, president at Solaria, said the agreement showed that the company remained capable of signing major PPAs with “Tier 1 players such as Axpo” in spite of challenging circumstances posed by the pandemic.

“Likewise, we continue to focus on selling the energy from our photovoltaic plants at a long term fixed price, always seeking the greatest stability for our future income,” he said.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 4, 2025
ARENA has launched the second funding round of its AU$1 billion Solar Sunshot programme, making AU$150 million available.
September 3, 2025
US residential solar prices have remained at historic lows in the first half of the year despite market uncertainty and continued high interest rates.
September 2, 2025
Q Energy has reached financial close for Taurus B, a portfolio of seven solar PV plants in Spain with a combined capacity of 251.71MWp.
September 2, 2025
Iberdrola has commissioned the 316MW Ciudad Rodrigo solar project in Salamanca, Spain, the company’s second solar plant in the province.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines