Independent power producer (IPP) Sonnedix Power Holdings Ltd has signed a 50-MW "solar-as-produced" power purchase agreement (PPA) in Spain with Norwegian state-owned utility Statkraft AS.
Under the terms of the 10-year agreement, Sonnedix will provide Statkraft with around 100 GWh of solar power per year. Power supply is expect to commence in 2021.
The contract will lead to the construction of a photovoltaic (PV) plant in Badajoz.
“This agreement enables Sonnedix to secure the long-term financing of the project and the construction of the solar park,” Statkraft's Country Manager for Spain, Tiago Thomaz, explained.
Currently, Sonnedix has a Spanish portfolio of over 250 MW of utility-scale solar PV projects in operation or under construction, while its global total exceeds 1.8 GW.
Earlier this week, the company acquired a 4.6-MW portfolio of fully operating solar PV parks in Spain from Madrid-based investment manager Aurea Capital Partners and two Spanish family offices.
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