Solaria bags long-term PPAs for 150MW Spanish portfolio

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.

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.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

September 26, 2022
Plenitude, a renewables subsidiary of oil major Eni, has partnered with IPP Infrastrutture to develop 1.5GW of solar PV and wind projects in Italy and Spain.
PV Tech Premium
September 23, 2022
Plans for a temporary revenue cap on solar PV assets across the European Union (EU) could dent investor confidence in renewables, experts have warned, amid concerns that individual member states may be able to set lower caps specific to different technologies.
September 22, 2022
EDP Renewables North America has started construction on a 240MW utility-scale solar PV project in Milam County, Texas.
September 22, 2022
Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.
September 20, 2022
From module makers and BOS producers to utility-scale developers and community solar companies, the Inflation Reduction Act (IRA) has taken centre stage at this year’s RE+ in Anaheim, California.
September 20, 2022
Spanish solar developer Solarpack has reached an agreement to acquire 100% of the shares of developer Solaer.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)