Axpo Iberia inks 10-year PPA for 104.5 MW of new wind power in Spain

Wind turbine. Author: Martin Cathrae. License: CC BY-SA 2.0

July 29 (Renewables Now) - Energy trader Axpo Iberia SL has signed a power purchase agreement (PPA) to procure the output of a 104.5-MW wind farm that it currently being built in Cuenca province of Spain.

Axpo Iberia said that it has secured the off-take for ten years with the project owner, Azora Capital, a Madrid-based private equity manager and real assets investor.

The wind farm will occupy a site in the municipalities of Torrejoncillo del Rey and Huerta de la Obispalia. Construction works started in January this year, with operations seen to commence in April 2022.

Once online, Axpo Iberia will also provide Azora Capital with representation services for the wind farm for the entire duration of the PPA, the trader said.

Since the beginning of 2021, Axpo Iberia negotiated over 7 TWh of long-term energy contracts in Spain and Portugal. The company operates as a subsidiary of Swiss energy group Axpo Holding AG.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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