Axpo inks baseload PPA for Enerparc's 39-MWp German solar farm
Solar park Bokel in Germany. Image by Enerparc AG.
Swiss renewables company and energy trader Axpo Holding AG has signed a ten-year baseload power purchase agreement (PPA) with German solar developer Enerparc AG to procure and market electricity from a 39-MWp solar farm in Germany.
Under the agreement, Axpo will off-take about 35 GWh of solar power a year from the new solar park Buettel in Schleswig-Holstein from 2023. As much as 4 GWh of the contracted electricity will be marketed under the market premium model, the Swiss company said on Monday.
The power from the solar park will be marketed by Axpo in cooperation with Enerparc and trading subsidiary Sunnic Lighthouse GmbH.
The solar farm will supply baseload energy to Axpo and the volatile supply will be managed with the help of an 8-MWh battery which will be installed at the site.
German financial service provider Deutsche Anlagen Leasing GmbH & Co. KG (DAL) helped with the structuring and financing of the project.
The solar park, which has been already completed, is expected to produce power enough to supply about 7,500 households.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.