MADRID, Spain, 3 June 2020: Sonnedix, the leading global independent solar power producer (IPP) and Statkraft, Europe´s largest producer of renewable energy and leading PPA provider, have signed a 10-year solar-as-produced power purchase agreement (PPA).
Sonnedix will supply Statkraft with an average of around 100 GWh/year of green electricity from 2021 to 2031. The solar PV plant will be located in Badajoz, in southwest Spain and this is Sonnedix’s first PPA for a grid-parity project in Spain.
Axel Thiemann, CEO of Sonnedix said: “This transaction is further testament to Sonnedix’s commitment to the Spanish market, as we continue to actively seek opportunities to expand our platform in the country, through the development, acquisition and operation of projects, for the long term. We are looking forwards to being in business with Statkraft and to further expanding the relationship.”
“This agreement enables Sonnedix to secure the long-term financing of the project and the construction of the solar park.” says Tiago Thomaz, Country Manager for Statkraft in Spain. “We are proud to contribute to the continued expansion of renewable energy in Spain through the execution of this agreement.”
Sonnedix has a total controlled capacity of over 1.8GW around the world and over 200 solar PV plants across the eight countries where it currently operates. Present in Spain since 2010, the company currently has over 250 MW of utility-scale solar photovoltaic projects in operation or construction in the Spanish market.
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Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan. For more information, please visit www.sonnedix.com
Note to editors
For this transaction, Sonnedix has been assisted by Our New Energy as market advisor and Eversheds Sutherland as legal counsel. The solar PV plant is currently being developed in collaboration with Viridi RE GmbH.
Statkraft is a leading company in hydropower internationally and is Europe’s largest generator of renewable energy. The Group produces hydropower, wind and solar power as well as gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,000 employees in 16 countries. As the leading PPA provider, Statkraft is bringing together pan-European electricity producers and companies from trade and industry and is developing new concepts that add value to both sides. Customers benefit from decades of experience in supplying renewable energy at long-term predictable and competitive prices. With a portfolio of circa 18,500 MW, Statkraft is one of the largest managers of renewable assets on behalf of third parties in Europe. The company is owned by the Norwegian Government and has an A- credit rating by Standard & Poors.