- Press Releases
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.