Statkraft and Aquila Capital have signed their first PPA in Spain for the 50MW Albeniz solar plant in Andalusia, on behalf of Aquila’s client.
The five-year PPA starting in 2022 with an innovative price structure in which Aquila Capital will provide Statkraft with 100% green electricity at competitive price levels.
After the construction permit was issued on 03 December 2020, the construction works started in early January 2021.
The Albeniz solar park is located in Almería, South Eastern Spain, and it will have a total installed capacity of 50MW.
Once it is connected to the grid, this plant will produce 103GWh of solar energy per year of which Statkraft will offtake a majority of its electricity output.
The power generated by this solar plant is expected to save 32,960 tonnes of CO2 emissions annually.
Statkraft’s vice president for South European origination Simon Kornek said: “The power generated by the solar plant Albeniz will be used to supply our industrial and commercial customers in Iberia and in Europe more widely.
“In Statkraft, we are convinced that the private PPA market will continue to play a major role to respond to the customer specific demands of green energy buyers.
“Thus, we are fully committed to help our European customers and its supply chains transform to 100% renewable power and deliver on their sustainability targets.”
Aquila Capital’s partnership with Statkraft in the Nordic countries has been ongoing for many years and it has resulted in important operations such as Aquila’s acquisition of Småkraft AS in 2015.
Aquila Capital’s merchant market desk head Joakim Johnsen said: “Aquila Capital has a long-standing relationship with Statkraft in the Nordic countries, where we have worked together on several renewable projects.
“Entering into a PPA with Statkraft in Spain is a new milestone in our relationship and shows the importance of the Spanish renewable energy market for our businesses.”