Audax signs a 10 year PPA for Innogy's 50 MW Alarcos solar project near Ciudad Real

Audax Renovables S.A. has signed a Power Purchase Agreement (PPA) with innogy regarding the supply of green power from innogy’s 50 MW Alarcos solar farm. The agreement will cover an important part of the electricity that Audax needs to supply its Spanish customers with 100% green power.

The long-term contract will run for 10 years – starting in the first half of 2020 when Alarcos solar farm is expected to be fully operational. From then on innogy’s solar farm will supply its annual production of around 100 GWh (gigawatt hours) to Audax and will certify the green origin of the electricity produced through the issuance of Guarantees of Origin.

The large-scale Alarcos solar farm is currently under construction south of the city of Ciudad Real in the Autonomous Community Castilla-La Mancha. It is anticipated that commercial operations will start in the second quarter of next year. After full commissioning, the solar plant will produce enough green electricity to supply the equivalent of around 25,000 homes. innogy’s subsidiary BELECTRIC is responsible for the entire construction and will also take on operation and maintenance of the solar farm as a service provider.