Enerparc has sealed a power purchase agreement (PPA) with Statkraft covering five solar power parks in Germany.
The five solar photovoltaic (PV) farms, located in Bavaria have a combined output of 52 MWp. Statkraft will purchase a total of around 600 GWh of electricity from these projects from May 2020 to December 2031, it said.
Construction of the solar parks began earlier this year and will be undertaken by Enerparc. Operation is scheduled to start in the spring of 2020.
According to Enerparc, the PPA has provided it with the planning security needed to go ahead with construction of the solar farms, which are not supported by Germany’s EEG subsidy scheme.
“The realisation of this project is groundbreaking – both for Enerparc and for the expansion of renewable energy in Germany,” said Stefan Müller, CEO of Enerparc. “With these solar parks with an output of 52 MWp, we are realizing subsidy-free projects on a multi-megawatt scale for the first time and giving the go-ahead for many other future projects in this area. With Statkraft as an experienced partner, we are securing the financing of this and other projects.”