NextEnergy Capital has signed a power purchase agreement (PPA) with Statkraft AS for the output of three solar projects in Portugal that add up to 210 MW. The three solar projects will be able to generate electricity for around 98,000 homes per year. The plants will be installed in the municipalities of Cartaxo, Casal do Paul, and Encarnado in the Santarem districts. NextPower III ESG owns the three contracted projects. The duration of the PPA has not been disclosed.
The contract expects Statkraft to secure the entire output of the photovoltaic (PV) parks, which is roughly estimated to be 341 GWh. According to NextEnergy Capital, this agreement is expected to be one of the largest power purchase agreement (PPA) operations in the history of Portugal.
This deal signals an ongoing trend by NextEnergy Capital to expand into Europe’s renewable energy sector. The PPA is the company's second one with Statkraft, following a 50 MW solar PPA for a Spanish project made last year. The investment and asset management firm has enjoyed success in the competitive renewables market, with its aim to source investments that deliver high-quality environmental benefits and support sustainable growth.
Country updates
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April 04, 2023
NESF signs PPA with Statkraft for 210 MW solar project in Santarem
NextEnergy Solar Fund Ltd (NESF) has signed a long-term Power Purchase Agreement (PPA) with Statkraft for the purchase of energy from the 210 MW solar photovoltaic project located in Santarem, Po...
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March 31, 2023
Greenvolt to install 11 MWp at six units Super Bock Group
Greenvolt - Energias Renovaveis SA has secured a deal to install around 11 MWp of solar systems at six sites of Super Bock Group, a beverage company in northern and central Portugal. The deal was mad...
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March 03, 2023
BP, Iberdrola sign Spanish alliance agreement
BP and Iberdrola have formed a joint venture to invest EUR1 billion (US$1.07 billion) in charging infrastructure in Spain and Portugal. The companies will deploy 12,000 fast-charging points by 2030, w...
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February 20, 2023
IberBlue to develop 990 MW floating offshore wind project off the coast of Figueira da Foz
IberBlue Wind has confirmed its plans to build the Botafogo floating offshore wind project in Portugal, specifically off the coast of Figueira da Foz. This asset will comprise 55 wind turbines that ca...
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February 14, 2023
CIP to invest in 2 GW offshore wind project in Portugal
Copenhagen Infrastructure Partners (CIP) has announced its plans to construct the 2 GW Nortada Offshore Wind Project in Portugal's Figueira da Foz.
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