Axpo Iberia and Aquila Capital sign PPAs for 25 MW solar portfolio in Portugal

28.07.21 - Axpo Iberia has signed a series of power purchase agreements (PPAs) with Aquila Capital, an international investment company focusing on renewable energies, it was announced today. In a major milestone for the Axpo subsidiary’s PPA business, Aquila Capital will supply it with 100% renewable energy generated in four solar plants in Portugal.

The long-term PPAs have a competitive price structure and a duration of between five and seven years. Axpo Iberia will purchase renewable energy from the four solar plants, which are part of Aquila Capital’s Portuguese portfolio of around 700 MW, and provide them with representation services.

The plants have an installed capacity of around 25 MW and will produce about 58 GWh of solar energy per year. The energy generated will be equivalent to the annual energy consumption of around 11,000 Portuguese households and avoid the emission of more than 12,000 tonnes of CO2 per year.

Aquila Capital Director of Power Markets Iberia, Marcos Dominguez, said: “This is the first time we have secured a series of PPAs for an entire portfolio in Portugal. The agreement supports our ambition to drive the energy transition forward and our commitment to a carbon-free economy. We are pleased to have Axpo as a strategic partner in achieving this goal.”

Ignacio Soneira, Managing Director Axpo Iberia, added: “The signing of this latest agreement further strengthens our position in the long-term power purchase market on the Iberian peninsula. It also underlines the excellent relationship we have enjoyed for years with Aquila, a strong and trusted partner. We are confident that our collaboration will continue to contribute to decarbonisation through the promotion of sustainable and financially profitable projects."

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

International business 15.02.2024

Axpo and Borealis sign two new long-term wind PPAs

Axpo and Borealis, a leading global provider of sustainable polyolefins solutions, have joined forces once again to sign their fourth and fifth power purchase agreements (PPAs), it was announced today. The ten-year deals in Sweden and Belgium were signed in 2023, and follow three earlier long-term agreements in 2023, 2022 and 2021.

Read more

Ad hoc announcement 19.12.2023

Axpo sells three wind farms in France

Axpo has agreed the sale of three wind farms in France with a combined capacity of 72 MW to an Article 9 fund advised by EB – Sustainable Investment Management GmbH (EB-SIM), it was announced today. The transaction sees Axpo continue to generate strong revenues from its extensive wind farm portfolio and development pipeline. Axpo will continue to provide technical and commercial management services for the portfolio following the sale.

Read more

Renewable energy 15.12.2023

Axpo battery storage in Poland will aid grid stability

Axpo has been active in the development, construction and commercial optimisation of large-scale battery solutions for several years. Following the expansion of these services to the Swedish market, Axpo is launching a dedicated battery business in Poland. The company plans to support stabilisation of the Polish power grid through storage facilities while also participating in the country’s capacity mechanism and trading on short-term markets.

Read more