Switch to the Axpo Group website.

Go to Axpo Group website.

Axpo Iberia and Azora Capital sign PPA for a wind farm in Cuenca

29.07.21 - Axpo Iberia has signed a 10-year power purchase agreement (PPA) with Azora Capital for the sale of electricity from a wind farm under construction in the Spanish province of Cuenca, it was announced today. Axpo Iberia will also provide Azora Capital with representation services for the plant during the entire term of the PPA coverage.

Located in the municipalities of Torrejoncillo del Rey and Huerta de la Obispalía, construction of the 104.5 MW wind farm began in January this year. Operations are due to commence in April 2022. Owner Azora Capital is based in Spain with an international presence in Europe and the USA. Focused on asset investment and management, the independent company manages a renewable energy portfolio of more than 1 GW in Spain with assets in operation, under construction or in development.

Ignacio Soneira, Managing Director Axpo Iberia, commented: "I am confident that the signing of this agreement with Azora marks the beginning of a mutually beneficial relationship, with the prospect of more to come in the renewable energy sector. The agreement also demonstrates our continuing commitment to sustainability in line with the European Union’s energy transition objectives."

Axpo Iberia’s strategic support of renewable energy development in Spain and Portugal includes a wide range of customer solutions for long-term energy management adapted to the needs of each market. By facilitating access to long-term renewable energy, the company enables end consumers to meet their sustainability objectives. This strategy has allowed Axpo Iberia to gain a firm foothold in the sector, with more than 7 TWh of long-term energy contracts negotiated since the beginning of 2021. 

About Axpo:

Axpo is Switzerland’s largest producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power. 5,000 employees combine experience and expertise with a passion for innovation. Axpo develops innovative energy solutions for its customers based on state-of-the-art technologies in 40 countries in Europe, North America and Asia.

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

More media releases

Show all

Company 27.05.2025

Axpo achieves good half-year results in uncertain environment

In a challenging geopolitical environment, amid increasing uncertainty in capital and energy markets, the Axpo Group achieved good results in the first six months of the 2024/2025 financial year (1 October 2024 to 31 March 2025). Internationally, the company continued to operate successfully in more than 30 countries and across 40 markets. In Switzerland, Axpo delivered 40 per cent of the total electricity consumed, once again making a significant contribution to a secure and low-carbon electricity supply.

Read more

Company 14.05.2025

CO2-neutral emergency preparedness: Axpo wins contract for reserve power plant

The Swiss Federal Office of Energy (SFOE) today awarded Axpo the contract to build and operate a reserve power plant in the municipality of Muttenz, located in the northern canton of Basel-Landschaft. Using CO2-neutral fuels, the plant will operate in emergencies only to stabilise the electricity supply in the event of power shortages. Axpo will thus make another substantial investment in Switzerland's security of supply.

Read more

Hydropower 13.05.2025

Islas balancing reservoir to undergo extensive renovation

Investment in supply security: Albula-Landwasser Kraftwerke AG (ALK) will renovate the Islas balancing reservoir from July 2025, investing around CHF 5 million in the project. The reason for this is progressive damage to the reservoir seals.

Read more