Sonnedix and Endesa sign a 12-year PPA for 77 MW portfolio in Spain
Published by Abi Larkin,
Editorial Assistant
Energy Global,
Sonnedix and Endesa have signed a 12-year renewable energy power purchase agreement (PPA).
The green energy is produced by a 77 MW solar photovoltaic (PV) portfolio acquired by Sonnedix in July 2021, comprised of five solar plants located in Valladolid, Castilla y León province of Spain. The projects are currently under construction and are expected to start operations within 1Q23. It is estimated that the portfolio will produce a total volume of 156 GWh/y of renewable energy, equivalent to powering over 50 000 homes, and capable of avoiding more than 30 000 t of CO2.
“We are very excited to partner with a company like Endesa, who shares our commitment and drive to keep powering a bright future for all,” said Axel Thiemann, CEO of Sonnedix. “We started off our journey in this country, over a decade ago, with a 0.9 MW project. Today, our largest office is in Madrid, and our largest portfolio of operational projects is here in Spain, with over 185 projects and a total installed capacity of more than 800 MW. Partnering with Endesa, one of the largest electric companies in Spain, becomes a true testament to our sustainable growth trajectory, but also to our commitment to be a key player in the Spanish energy transition.”
Present in Spain since its origins in 2009, Sonnedix currently has over 1.5 GW of total capacity in operations, under construction, and various development phases across the country. The renewable energy producer continues expanding its platform through the acquisition and development of projects in Spain and other OECD markets.
On this transaction, Sonnedix was advised by Watson Farley & Williams (legal) and Our New Energy (PPA).
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Read the article online at: https://www.energyglobal.com/solar/02032023/sonnedix-and-endesa-sign-a-12-year-ppa-for-77-mw-portfolio-in-spain/
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