Germany's Pferd goes for on-site solar, PPA combo for factories in Spain

Pferd, a German family-owned manufacturer of surface treatment and material cutting tools, has hired Spanish utility Endesa SA (BME:ELE) to install solar self-consumption systems at its two factories sites in Spain and deliver a supply of electricity under an unrelated power purchase agreement (PPA).

The utility company, through its specialist energy services arm Endesa X, is to install 1,296 kWp of solar panels at Pferd’s factories in the Basque Country, it said. One of the sites will feature 1,845 solar modules installed on the roof, on the ground and on a canopy. The other site will require 556 ground-mounted modules.

All the electricity that these arrays produce will be consumed by the factories. Their output will be enough to meet 14% of Pferd’s energy needs, Endesa said. The rest will be covered by a ten-year PPA, which will see Endesa supply around 10 GWh of electricity per year at a stable price. Guarantees of renewable origin will certify that 30% of the contracted supply comes from a renewable energy source, the utility said in the press release.

The PPA will come into effect on January 1, 2023.

Pferd, which is Spain operates as PFERD Ruggeberg SA, has been an energy customer of Endesa since 2015.

Choose your newsletter by Renewables Now. Join for free!