A consortium led by Solaer Israel and China-based Himin Solar signed with Swiss utility Alpiq a physical long-term power purchase agreement (PPA) for the output of the 50 MWp solar PV project Alizarsun, located in Spain.
The solar project Alizarsun is located in Paracuellos de Jiloca in the region of Aragon. With a capacity of approximately 50 MWp, the solar plant will have a renewable power output equivalent to the consumption of 25.000 Spanish households. The contract will start in 2021 and run for the next 10 years. Both parties have agreed not to disclose the order value.
In Spain, Alpiq has already signed long term contracts for over 300MW of installed capacity.
Guillermo Negro, Country Manager of Alpiq in Spain said:
“Alpiq is strongly committed to the Spanish market. We have a vocation for growth in Spain, where we remain very close to renewable producers and cogeneration plants offering tailor-made solutions to optimize their revenues and help them manage their risks, and on competitive gas and power supply. This PPA contract is a very relevant transaction for Alpiq in Spain, which remains one of the key European markets for Alpiq, even considering current COVID-19 circumstances.”
Alon Segev, at Solaer Israel said:
“Executing this PPA with Alpiq midst COVID-19 times is a remarkable proof of the solar industry’s resilience and the power of trust and partnership in challenging times. Solaer and Himin are dedicated to increase their footprint in the Spanish renewable energy market with hundreds of MW to follow Alizarsun. PPA’s will remain the cornerstones of our projects, providing also economical sustainability – to us, our co-investors and funding partners.”
Source: Press Release by Alpiq.