Solar and onshore wind developer Opdenergy has secured a 750MW power purchase agreement (PPA) to supply electricity from 17 solar farms in Spain to an unnamed European investment grade utility.
The 10-year PPA will deliver more than 1 terrawatt-hour of electricity a year, the company said.
Opdenergy said it is continuing to develop the solar plants with the objective of starting construction during the first half of 2022.
The projects will be located in the regions of Teruel, Zaragoza, Badajoz, Cuenca and Valladolid.
This agreement is added to the PPAs closed by the company during the first half of the year, as well as the PPAs of the operating assets, making a total of 1.4GW of capacity commitment in Spain.
Opdenergy currently has a large portfolio of secured long-term PPAs totaling approximately 3GW of committed capacity in different markets.
These PPAs cover the 584MW of operating capacity and close to the 2.2GW of future projects, across the different countries in which it operates.
Opdenergy chief executive Luis Cid said: “The implementation of all these projects in Spain represents a very important boost for the decarbonization of the country while helping to boost the economy of different regions of Spain.
“With this new milestone we consolidate our position as one of the most important independent producers in the renewable energy industry in Spain.”