Audax Renovables and Trina Solar sign a PPA of up to 300 MW of Spanish solar

Audax Renovables and Trina Solar have signed a power purchase agreement (PPA) for the purchase of generated energy of up to 300 MW, which will involve large investments in Castilla La Mancha, Levante and Andalucia (Spain).

Under this framework agreement Audax Renovables will for the period of 20 years be acquiring the electrical power generated by the photovoltaic plants that Trina Solar will develop on the Spanish electricity market, specifically in Castilla La Mancha, Levante and Andalucia. This contract may involve investments amounting to over €200 million, which will stimulate employment and benefit the environment without the need of subsidies or tenders.

The PPA contracts of this framework agreement will begin with the launch of each one of the many photovoltaic plants whose startup is planned for the end of this year and the beginning of 2020. The future location of the plants has been established in the regions of high solar radiation of Castilla La Mancha, Levante and Andalucia and they will generate enough energy to supply more than 200,000 households with 100% renewable energy.

According to Audax Renovables, the contracts will contribute to improve the company’s energy purchase price and to consolidate the Audax Group’s position on the Spanish market, where it is rated as the fourth supplier to the SME segment nationwide. This PPA also meets the firm's strategic aim of long term energy supply for its Spanish customers in order to provide them with 100% renewable energy.