Blue Elephant and EnBW sign power purchase agreements for PV projects in Spain
Post date: 11/06/2021 - 12:32
German solar and wind farm operator Blue Elephant Energy AG (BEE) and utility EnBW Energie Baden-Württemberg AG have signed long-term power purchase agreements (PPAs) for a 150 MW solar farm project in Andalusia, Spain. Details of the economic terms of the power purchase agreement, which is fixed for 10 years, were not disclosed.
The project, financed by Bayerische Landesbank, consists of three 50 MW solar parks including a transformer station and is already under construction. The plants are scheduled to be connected to the grid in the second quarter of 2022. Once completed, the plants are expected to generate around 315 gigawatt hours of electricity annually.
The plant is Blue Elephant's first subsidy free solar project in Spain.