Renewable energy company Audax Renovables has agreed a deal with solar energy developer WElink Investment Holdings covering the supply of 1.1 MW of solar energy capacity from plants in Spain and Portugal. Under the power purchase agreement (PPA), Audax will buy energy at a fixed but undisclosed price for 20 years from WElink’s Solara4 and Ourika plants, as well as energy from plants the firm plans to develop in 2019 and 2020. It will not own the plants, however, as insurance company Allianz Capital Partners is set to buy the WElink facilities on completion.
Renewable energy company Audax Renovables has agreed a deal with solar energy developer WElink Investment Holdings covering the supply of 708 MW of solar energy capacity from plants in Spain and Portugal. Under the power purchase agreement (PPA), Audax will buy energy at a fixed but undisclosed price for 20 years from WElink’s Solara4 and Ourika plants, as well as energy from plants the firm plans to develop in 2019 and 2020. It will not own the plants, however, as insurance company Allianz Capital Partners is set to buy the WElink facilities on completion.