With the conclusion of a long-term Power Purchase Agreement (PPA) between BayWa r.e. and Statkraft.
The BayWa r.e. project, which will provide a total output of over 170MWp, is located south of Seville.
"Building one of the first subsidy-free solar projects of this size in Europe is a ground-breaking milestone; both for us as an international renewable energy company and also for the future of the European PV market," explains Benedikt Ortmann, Managing Director of BayWa r.e. Solar Projects GmbH. "The fact that we can implement such a project without state funding is largely thanks to the continual improvement of system design and building costs." Matthias Taft, Board Member of BayWa AG with responsibility for the energy business adds: "We are entering a new phase of energy generation: for the first time, renewable energy plants are able to generate cleaner power at the same or even lower price as conventional power plants. This also demonstrates the significant potential of new financing models in ever-changing market conditions. We are delighted to be making such an important contribution to the success of the European energy revolution."
"With Power Purchase Agreements like the one for Don Rodrigo we are ensuring the long-term financing of new plants and are thus enabling further development of renewable energy across Europe," says Hallvard Granheim, Executive Vice President Market Operations & IT at Statkraft. "Statkraft is bringing together pan-European electricity producers and companies from trade and industry, and is developing new concepts that add value for both sides. Our customers benefit from our decades of experience in supplying renewable energy at long-term predictable and competitive prices."