to-the-point: Solaria, Repsol sign 52-MW solar PPA
Solar park in Spain. Author: Som Energia Cooperativa. License: Creative Commons. Attribution 2.0 Generic
Spain's Solaria Energia y Medio Ambiente announced on Thursday it has signed a 52-MW solar power purchase agreement (PPA) with Repsol SA (BME:REP).
The PPA will have a seven-year-long duration starting from the commissioning of the Spanish photovoltaic (PV) plants that will supply the electricity. These solar facilities are planned to start operation during the first half of 2019, Solaria said.
Solaria pointed at the importance of the new deal, saying it ensures the medium and long-term revenues of the new generation plants.