Energiekontor, Engie seal 41.5-MW solar PPA in Germany
Solar power station in Germany. Featured Image: anyaivanova/Shutterstock.com
France’s Engie SA (EPA:ENGI) will be the offtaker of a 41.5-MW solar photovoltaic (PV) farm that Germany’s Energiekontor AG (ETR:EKT) will build in Mecklenburg-Vorpommern state.
The companies have signed a 15-year power purchase agreement (PPA), which is the French group's first such long-term deal for solar power in Germany. The contract was unveiled by Energiekontor in a bourse filing on Tuesday.
With an estimated annual output of around 45,600 MWh, the solar park is planned to go live next year. The electricity it will produce will be enough to meet the power consumption of about 15,000 German households per year, the developer calculates. Engie and its partner assume that contracted electricity volume will total around 684 GWh.
The project will be developed without support under the Renewable Energy Sources Act (EEG) scheme, which expires after 2020. "Solar parks on a PPA basis in Germany are the future,” commented Peter Szabo, board chairman of Energiekontor.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.