Grenergy signs PPA with Galp for successive PV projects in Spain

Grenergy solar plants. Source: Grenergy Renovables SL

November 25 (Renewables Now) - Grenergy Renovables SL (BME:GRE) has signed a power purchase agreement (PPA) with energy company Galp Espana, securing an off-taker for 200 MW of solar photovoltaic (PV) projects in Spain.

In specific terms, the deal involves the sale of 300 GWh to 360 GWh of electricity per year, Grenergy said Monday. The power sourced from the PV projects will gradually become part of Galp’s offering as of August 2021 under contracts running for 12 years.

Portugal’s Galp Energia SGPS SA (ELI:GALP), Galp Espana’s parent company, said in a separate statement that the solar projects are currently in the development stage.

The agreement with Galp is Grenergy’s first PPA in native Spain. The renewables developer said its Spanish portfolio contains more than 1 GW of projects in different stages of development.

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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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