A solar park with a capacity of about 22 MW situated in the towns of Pepino and Talavera de la Reina (Toledo) has a PPA signed between Holaluz, a business that develops and operates clean energy assets with an emphasis on solar and wind power, and Aquila Clean Energy .
In accordance with the terms of the deal, Holaluz will purchase the renewable energy generated by the solar park, which is expected to begin operations in March 2024 and provide more than 45 GWh of entirely clean energy annually. This saves around 13.300 tonnes of CO2 emissions into the atmosphere and is equal to the energy usage of 13.000 Spanish homes.
This PPA is a step closer for Holaluz to realising its mission of promoting the development of a planet driven by renewables. With the electricity it purchases, it will be able to provide all of the energy for its 10,000 Holaluz consumers.
In order to help Spain’s energy transition and create a more sustainable future, Aquila Clean Energy signed this PPA as part of its overall plan. The business that runs the photovoltaic park in Castilla-La Mancha has a portfolio totaling more than 650 MW.
With projects in various stages of planning, development, and operation around the nation, Aquila Clean Energy oversees a portfolio in Spain with a total installed capacity of more than 3GW.
Director of Power Markets at Aquila Clean Energy for Iberia, Marcos Domínguez, says “The signing of this new PPA with Holaluz demonstrates our desire to continue contributing to the energy transition in Spain through the generation of clean energy. This type of power purchase agreement is a fundamental tool to our achieving this objective, especially given the current volatility and uncertainty in power markets”.
By combining two enterprises, Holaluz provides a singular value proposition: it connects consumers to 100% green energy while also enacting the “Rooftop Revolution,” which turns rooftops into sources of renewable energy. With this circular system, Holaluz’s beneficial effects on people and the environment are exponentially increased.
With the help of multiple PPAs it signed in the previous year, Holaluz was able to add more than 50 MW of renewable energy and provide more than 35,000 new consumers with affordable green energy.
As part of a collaboration programme with small generators, this project also supports Holaluz’s ESG strategy, which aims to support regional and small-scale energy producers using rooftop and ground-mounted systems.
Additionally, it moves the business one step closer to meeting Net Zero goals and becoming climate neutral before the European Union’s promises.
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