BayWa has sold its 95MW Almodóvar solar park in Spain to Germany-based independent power producer Encavis AG.
Located in Andalucía near the city of Córdoba, the array is expected to be connected to the grid in fourth quarter of 2025 and will have an annual electricity generation of 187 GWh.
“After the sale of the 109MW Lirios solar farm a few months ago, this transaction marks another milestone in the ongoing partnership between BayWa r.e. and Encavis AG, which unite their expertise to advance numerous solar and wind projects across Europe,” said the Munich-based developer.
Almodóvar is part of a 10-year virtual power purchase agreement (VPPA) tBayWa r.e. signed with Finnish packaging manufacturer Huhtamaki in 2021.
The deal for two Spanish solar farms covers approximately 80% of Huhtamaki’s electricity needs in Europe and marked the largest European solar corporate VPPA for the packaging industry, as well as the first solar corporate VPPA signed by a Finnish company.
“We are delighted to announce the successful sale of yet another solar park developed by our team in Spain,” said BayWa r.e chief executive Matthias Taft.
“Almodóvar is part of continued project sales we will be delivering in Europe over the coming months.
“The energy transition is accelerating by the day, and we are well positioned to drive further growth in wind, solar and battery storage projects.”
Managing director of BayWa r.e. projects Spain Juanjo Álvarez added: “We have been active in the Spanish market for more than 10 years and have realised over 600MW of wind and solar projects there. It is one of the key markets for BayWa r.e. and we will continue to play a leading role in advancing the energy transition in Spain and beyond.”