Falck Renewables signs a PPA deal with Holaluz for the output of 11 MW Carrecastro wind project in Spain

Falck Renewables S.p.A. has announced the signing of a Power Purchase Agreement (PPA) between its subsidiary Energía Eólica de Castilla S.L. owning a wind farm located in Castilla y León, Spain and Holaluz, a Spanish energy supplier. The contract provides for the coverage of around 75% of the electricity produced by the wind farm.

The agreement, has a duration of 7 years, represents a major milestone for bilateral green energy contracts between a wind farm and an energy supplier to final customers, without subsidies or government support.

Holaluz is a supplier focussed on providing green power to a customer base of more than 210,000 consumers in Spain, to whom they sell electricity exclusively from renewable sources. Holaluz will be the Balance Responsible Party (BRP) of Carrecastro wind farm’s production and will handle the Route to Market of the electricity output.

The Carrecastro wind farm, which is expected to start commercial operations in the last quarter of 2019, is located in the Municipalities of Tordesillas and Velilla, on a plateau 800 meters above sea level, with an expected mean wind speed of 7.4 m/s at turbine hub height (4 Siemens Gamesa machines operating to an installed capacity of 10 MW) and will generate approximately 34 GWh per year, equivalent to the consumption of approximately 10,000 homes.