Solaria and Statkraft Sign a 10-Year 252 MW PPA

December. 21, 2019 /PVTIME/ -- Today, Statkraft,
Europe’s leading provider of market access services and Solaria, leading solar
power generator in Spain, have signed a long-term physical power purchase
agreement (PPA) for five solar parks. The initial duration of the agreement is
ten years starting with the commissioning of the facilities.

The electricity
will be supplied from three projects in Castilla y León and two in Castilla La
Mancha. The five solar parks will have a total installed capacity of 252 MW,
will produce around 500 GWh per year and will be connected to the grid
progressively through 2020.

Darío López, COO
of Solaria: "It is an honour to start working with Statkraft, a reference
company in the European energy sector, and we are grateful for the confidence
they have shown in Solaria. This agreement reaffirms our commitment to develop
projects with very high quality PPAs that will allow us to access very
attractive financing."

Carsten Poppinga,
Senior Vice President Trading & Origination at Statkraft: "We are
proud to sign this PPA with one of the leading solar projects players in Spain
and thus contribute to the further development of renewable assets. We will use
this power to strengthen our position as a leading supplier of green power
deliveries to major industrial customers on the Iberian Peninsula.”

The energy poured into the grid by the photovoltaic plants included in these contracts will be 100% renewable and will reduce CO2 emissions into the atmosphere by more than 101,000 tonnes a year, thus helping the European Directive 2009/28/EC on the reduction of pollutant gases. The volume of these contracts is equivalent to the consumption of more than 150,000 Spanish homes per year.