Audax Renovables SA signed the power purchase agreement for the 46.1 MW Ourika photovoltaic solar project in Ourique, Portugal. The PPA has a fixed price 20-year agreement. The owner of the project is Morningchapter SA. Audax Renovables is a Spanish renewable energy company.
German insurer, Allianz SE, acquired Morningchapter, via its unit Allianz Capital Partners last October 2018.
The project is one of the first solar projects in Iberian Peninsula to operate without subsidy.
The solar plant can provide its 23,000 local households with clean energy annually.
Country updates
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January 16, 2019
Allianz Capital Partners agrees to acquire 218.8 MW Solara 4 Vaqueiros solar project in Portugal
Allianz Capital Partners has signed an agreement to acquire the 218.8 MW Solara 4 Vaqueiros solar photovoltaic project located in Vaqueiros parish, Algarve region, South Portugal. With its...
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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 compan...
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January 16, 2019
Aquila Capital completes purchase of 100 MW HPP portfolio from EDP
Aquila Capital has completed the acquisition of a 103 MW hydropower projects (HPP) portfolio from Energias de Portugal for a total consideration of EUR164 million (US$187.6 million). The h...
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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 a...
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December 12, 2018
Senvion signs supply and O&M services for four wind projects in Belgium, France, Portugal
Senvion has signed four contracts for turbines with a combined capacity of over 47.5 MW in Belgium, France, and Portugal. Under the agreement, the German turbine manufacturer will deliver four 3.4M10...
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