The bal renewable energy platform Matrix Renewables has entered into a partnership with Centrica Energy Marketing & Trading company for a solar farm in Spain.
The duo announced the signing of a new PPA, as per which Centrica will offtake power production from the 24 MW solar park. It has been informed that the generated power will be sold in balancing and merchant power markets.
The solar park is located in Andalusia in Spain, which will start the work in July next year. The solar farm is likely to provide approximately 50 GWh of renewable electricity annually.
According to Matrix Renewables, this agreement is its sixth PPA in Spain boosting both the companies' position in the Spanish market. The duo informed that they both are working to expand partnerships across Spain and Europe.
Riccardo Rossi, Head of Southern Europe Markets, Centrica Energy Marketing & Trading commented, “We’re excited to strengthen our presence in Southern Europe and support the growth of sustainable energy sources by providing route-to-market expertise. The PPA market in Spain has significant potential, and we’ll continue to use our know-how to unlock the returns required which in turn will accelerate the development of large-scale energy infrastructure projects in the region.”
On the other side, Chris Matthews, Managing Director, Development and Markets, Matrix Renewables remarked, “We are delighted to be working with Centrica in Southern Spain, and as our projects mature in other markets there’s a great opportunity for this relationship to continue growing. "