Sonnedix and Spanish company Endesa have signed a twelve-year renewable energy power purchase agreement.
The energy is produced by a 77MW solar PV portfolio acquired by Sonnedix in July 2021, comprised of five solar plants located in Valladolid, Castilla y Leon province of Spain.
The projects are currently under construction and are expected to start operations within the first quarter of 2023.
It is estimated that the portfolio will produce a total volume of 156GWh of renewable energy per year.
“We are very excited to partner with a company like Endesa, who shares our commitment and drive to keep powering a bright future for all” said Axel Thiemann, CEO de Sonnedix.
“We started off our journey in this country, over a decade ago, with a 0.9MW project. Today, our largest office is in Madrid, and our largest portfolio of operational projects is here in Spain, with over 185 projects and a total installed capacity of more than 800MW.
“Partnering with Endesa, one of the largest electric companies in Spain, becomes a true testament to our sustainable growth trajectory, but also to our commitment to be a key player in the Spanish energy transition.”