Audax Renovables signs PPA for 700 MW solar projects in Spain and Portugal

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Audax Renovables signs PPA for 700 MW solar projects in Spain and Portugal

Audax Renovables S.A. has announced that it has signed a power purchase agreement (PPA) with WElink Investment Holdings for photovoltaic solar installations developed by WElink Group in Spain and Portugal, with a total installed capacity of up to 708 MW.

The PPA includes Solara4, a 218.8 MWp power plant currently being built by in the Portuguese village of Alcoutim, located in the district of Faro, in the Algarve region.

Composed of 700,000 high efficiency solar modules, the plant will be the largest solar installation in Europe that is backed by a long-term private PPA to be constructed without subsidies.

Solara4 is expected to be connected to the grid by mid-2019. It will generate enough energy to supply more than 100,000 homes.

Earlier this month, Audax signed a PPA for the 46 MW Ourika solar plant, also developed by the WElink Group. The company inaugurated the plant in August 2018, at which time it was the largest photovoltaic installation in Europe to be operating without public subsidies.

List of country news

Country news

  • January 16, 2019

    Cepsa and Masdar partner to develop renewables in Spain and Portugal

    Spanish oil and gas company Cepsa has announced that it has signed a Partnership Agreement with Abu Dhabi Future Energy Company (Masdar) to grow the renewables portfolios of both companies in Spain and Portugal.

    Read more
  • January 10, 2019

    Santander agrees US$180 million financing for 185 MW wind project in Spain

    Greenalia S.A. has announced that it has formalised a project financing agreement for the Eolo Project, which involves the development of eight wind farms totaling up to 185 MW in Galicia, a region of north-west Spain.

    Read more
  • January 09, 2019

    BayWa sells 175 MW solar project in Spain to MEAG

    BayWa AG has announced that its renewables subsidiary, BayWa r.e. renewable energy GmbH, has sold the Don Rodrigo solar park, located in southern Spain, to a client of MEAG, the asset manager of Munich Re and ERGO.

    Read more
  • January 08, 2019

    EDF Solar secures offtaker for 120 MW solar projects in Spain and Portugal

    Spanish green energy company Holaluz has announced that it has signed a three-year power purchase agreement (PPA) with developer EDF Solar for 120 MW of solar power to be installed across Spain and Portugal.

    Read more
  • September 13, 2018

    REDEN Solar refinances solar assets in Spain and Portugal for US$116.6 million

    REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.