Axpo Iberia SL has signed an eight-year power purchase agreement (PPA) with BlackRock and Exus, to off-take the output of a 24 MWp Planta Solar da Gloria solar photovoltaic (PV) farm planned to be developed in about 50 hectares (123.6 acres) of land in the district of Santarem, Portugal.
The PPA was arranged with Exus Management Partners and the real assets division of US investment manager BlackRock Inc.
Exus and BlackRock Real Assets select the EFACEC as engineering, procurement and construction (EPC) contractor. EFACEC will also service the farm under an operations and maintenance (O&M) contract.
Commissioning is scheduled to take place in the first quarter of 2020 and is expected to generate more than 46 GWh per year, equivalent to an annual demand of around 11,000 households.
Country updates
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August 01, 2019
Edisun Power invests in 23 MW solar PV project in Portugal
Edisun Power signed the contracts to buy one 23 MW photovoltaic construction project in Portugal from Swiss company Smartenergy Invest AG. Construction of the project will begin in 2019, and it is sc...
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July 22, 2019
EDPR starts installation of turbines for WindFloat Atlantic project
EDP Renováveis (EDPR) has started the installation of the first Windfloat Atlantic turbine on its floating platform located in the outer harbor of Ferrol. The fabrication and l...
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July 18, 2019
Portugal's 1.4 GW solar auction receives applications from interested entities
Developers are keen to submit their interest for Portugal’s first ever solar-only auction. The Portuguese government plans to tender for 1.4 GW of solar generation capacity. With the auctions i...
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June 25, 2019
EDP to build 4 MW floating project in southern Portugal
EDP-Gestão da Produção de Energia, S.A., a unit of Portuguese power utility EDP, is set to build a 4 MW floating solar farm located at the Alqueva Dam on the River Guadiana,...
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June 18, 2019
AW-Energy installs new substation for Surge2 Ocean Wave Energy in Peniche, Portugal
AW-Energy has concluded the installation of a new substation for the Surge2 Ocean Wave Energy in Portugal. The previous substation used for project SURGE is replaced by an improved new substation, wh...
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