Statkraft signs PPA for subsidy-free PV plant18 July 2018
Statkraft and BayWa r.e. have announced plans for the ‘swift construction’ of a large-scale solar photovoltaic plant in Spain after concluding a power purchase agreement for the project.
The BayWa r.e. project will have a capacity of over 170 MWp and will be one of the first solar projects of this size in Europe to be realised without subsidies. BayWa r.e. has signed a 15-year PPA for the project with Statkraft, marking the Norwegian company’s entry into the Spanish market as a provider of PPAs.
BayWa r.e. has already started preliminary work on the project, known as the Don Rodrigo solar plant, and expects to commission it at the end of the year. Located south of Seville it will cover an area of 265.
“Building one of the first subsidy-free solar projects of this size in Europe is a ground-breaking milestone; both for us and also for the future of the European PV market,” said Benedikt Ortmann, MD of BayWa r.e. Solar Projects. “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 with responsibility for the energy business added: “We are entering a new phase of energy generation: for the first time, renewable energy plants are able to generate power at the same (or even lower) price as conventional power plants.”