Iberdrola and Orange sign PPA for 328 MW solar project in Spain
Iberdrola and telecom operator Orange have signed a long-term power purchase agreement (PPA) to support the development of a 328 MW Ceclavin solar PV project in the Spanish region Extremadura.
The terms of the agreement reached between the two companies establish that Iberdrola will provide green energy to the 9,000 supply points in Orange's own network in Spain, for a period of 12 years. The contract is already in force and half of the consumption - 200 GWh/year - to be supplied under the PPA formula will be associated with the Ceclavín photovoltaic project, which Iberdrola will develop in Extremadura during this year.
The plant will have an installed capacity of 328 MW and be located in the municipalities of Ceclavín and Alcántara, in the province of Cáceres, and will be Iberdrola's third photovoltaic project in the region. It will become operational in 2020 and avoid the emission of 110,000 tonnes of CO2 a year.
Ceclavín forms part of Iberdrola's strategy to invest in clean power generation projects in Spain - where it plans to install 3,000 MW by 2022 - and its commitment to using bilateral agreements with big customers who are committed to sustainable consumption as a way to promote the supply of energy at affordable, stable prices.
The project's construction will represent an investment of some EUR250 million (US$272.39 million).
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