Solar PV developer Solarpack has inked power purchase agreements (PPAs) for two solar photovoltaic plants in Spain.
The company has signed deals for solar PV which will generate 475 GWh of clean energy during the time period of the duration of the PPAs.
According to the company statement, the Pizarroso project with an installed capacity of 49.84MW and the Valkyria project will be under PPAs. The Valkyria project will generate 300GWh of power annually, whilst Pizarroso is set to generate 95GWh.
The Pizarroso project is located in Extremadura while the Valkyria project is located in Castilla La Mancha.
Iván Nieto, Solarpack’s Chief Commercial Officer, was quoted in a statement, “With the signing of these PPAs, Solarpack is taking a significant step towards the reduction of carbon emissions and the advancement of a more sustainable energy model in Spain. The solar plants will actively contribute to the generation of clean energy, aiding the country’s efforts to meet its climate and renewable energy objectives.”
The company shared that the Pizarroso solar PV plant will avoid more than 2,000,000 tonnes of CO2 emissions during its lifetime. Likewise, the Valkyria photovoltaic park will avoid more than 155,200 tonnes of CO2.
In Spain, Solarpack has 14 photovoltaic plants in Spain with 495 MW of installed capacity.
Besides Spain, the company has been managing long-term power purchase agreements in markets including Chile, Peru, Colombia, Malaysia and India.