Norway's Statkraft has secured a 10-year power purchase agreement (PPA) with Spain's Audax Renovables, concerning a 270 MW solar portfolio. The deal is worth €1.05 billion and will see the two companies jointly develop renewable energy projects in Norway. The companies claimed the agreement is the largest long-term supply deal in Spain to date.
Norway's Statkraft has secured a 10-year power purchase agreement (PPA) with Spain's Audax Renovables, concerning a 270 MW solar portfolio. Statkraft will provide 525 GWh of solar power annually to Audax, which will sell the energy on to small and medium-sized enterprises and private homes. The companies claimed the agreement is the largest long-term supply deal in Spain to date.