Matrix Renewables is to supply Statkraft with all the electricity from a 50MW solar farm in the southern Spanish province of Jaen under a 10-year power purchase agreement (PPA).
The contract will start in the second half of 2022 once the solar park is fully operational.
Matrix Renewables managing director for development and markets Chris Matthews said: “Statkraft has been a supporter of Matrix since our beginnings, having provided the security and visibility that enabled us to finance our first operational asset in Spain.
“After signing four corporate PPAs in 2021, we are excited to expanding and diversifying our PPA partnerships by signing our first PPA with an energy company in Spain.
“Statkraft’s experience and proactivity allowed Matrix to optimise revenues in a very volatile market and we look forward to increasing our cooperation with Statkraft in future projects.”
Statkraft Vice President for Southern European origination Simon Kornek said: “We are very pleased to continue boosting the energy transition in Spain through the signing of this new PPA with Matrix Renewables.
“The signing of this PPA concluded the renewable power purchasing process announced by Statkraft to the market in 2021. “
“We expect to announce a similar purchasing process in the near term, continuing our contribution to the development of more long term affordable green energy and offering industrial customers in Spain environmentally and economically sustainable solutions.”
Statkraft launched a call in 2021 to buy renewable power from independent power producers in Iberia.
The company is likely to launch a similar process in the first half of 2022.