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.

More media releases

Show all

International business 19.01.2022

Axpo signs a PPA with R.Power Group for nearly 300 MWp of solar power in Poland

Axpo has signed a solar power purchase agreement (PPA) in Poland marking another major milestone for the company in Eastern Europe. The agreement will see Axpo’s Warsaw-headquartered subsidiary off-take the electricity produced by solar plants owned by R.Power Group, one of the fastest-growing solar energy developers in Europe.

Read more

Ad hoc announcement 14.01.2022

Axpo Holding AG General Meeting: proposed dividend approved

The 21st ordinary General Meeting of Axpo Holding AG on 14 January 2021 approved the annual report and the annual financial statements for 2020/21. The proposed dividend of 80 million Swiss francs was also approved.

Read more

International business 23.12.2021

Axpo appoints Sandro Giannotti to Head of Gas Trading

Axpo has appointed Sandro Giannotti as the company’s Head of Gas Trading, it was announced today. He will take up his new role on the 1st of January 2022, moving from his current position as Axpo’s Head Gas Trading Eastern Europe & Long Term Gas Supply.

Read more