Axpo signs Sweden’s first market-based solar PPA with Sparbanken Skåne solar park

07.06.2021 - Axpo has signed a 10-year power purchase agreement (PPA) with the Sparbanken Skåne solar park, underlining its leading role as a provider of renewable energy PPAs in Sweden. Working with one of Sweden’s largest solar developers, Svea Solar, Axpo is now breaking ground with the country’s first market-based solar PPA, proving the case for commercial solar build-out.

Svea Solar, a Swedish energy company founded in 2014, has been focusing on the development of solar energy projects in its home market and internationally, the latest being the 18-MW Sparbanken Skåne solar park in the municipality of Sjöbo, Southern Sweden. The country’s largest solar park, which is an extension to an existing park nearby, is currently under construction and will be connected to the grid this summer. The future Sparbanken Skåne solar park will have an expected power production of around 19 GWh per year, which corresponds to the average electricity consumption of 4,000 households in Sweden.

Cecilia Bergman, Senior Originator Axpo Sverige, commented: “Sweden has had a successful build-out of wind power on market-based terms and Axpo has played a major role in this by providing long-term hedging solutions and balancing services to investors. We now see a new technology in the Nordic power mix with the emergence of large-scale PV, and look forward to continuing to be an enabler and accelerator of the transition towards more renewable energies.”

Erik Martinson, CEO Svea Solar, added: “Svea Solar is leading the power shift towards renewable solar energy in the Nordics, so we are delighted to be cooperating with Axpo. They are a very experienced player in Nordic market renewable energy PPAs and have been able to adapt their services to the needs of solar investors. Working with Axpo was a clear, fast and efficient process, and we are thrilled to be part of this pioneering PPA project in the Swedish solar market.”

Axpo Nordic is part of the Axpo Group, the largest energy company in Switzerland. The wholly owned subsidiary was founded in 2003 for markets in Northern Europe and the Baltic region. The focus of its business activities in the Nordics is on long-term power supply and purchase agreements. In addition to its PPA business, Axpo Nordic develops bespoke products and associated services for customers, including retailers, industry, and producers. Axpo’s business activities in the Nordics are part of the company’s strategy to grow its international presence and business, specialising in tailor-made energy solutions.

More media releases

Show all

International business 21.10.2021

Axpo US executes PPA with Cypress Creek on 270MW Texas solar project

Axpo U.S. LLC has executed a commodity hedge, in the form of a Power Purchase Agreement (PPA) with Cypress Creek Renewables, a leading solar and energy company, for a new project (Shakes Solar) being constructed in Dimmit County, Texas.

Read more

Solar energy 08.10.2021

Switzerland's largest alpine solar plant produces its first electricity

The pioneering AlpinSolar project marked a major milestone today with generation of the first electricity from the solar plant, situated 2,500 metres above sea level on the Muttsee dam. Senior representatives of Axpo, IWB and Denner were joined by Energy Minister Simonetta Sommaruga at an event to celebrate the occasion. The need for more such plants to power a successful energy transition in Switzerland, and the considerable challenges they still face, were highlighted during a later panel discussion.

Read more

International business 15.09.2021

Axpo UK signs long-term PPA for new Slough Multifuel energy-from-waste facility in England

Axpo continues to expand its presence in the UK energy market: Its subsidiary Axpo UK Ltd. and Slough Multifuel Ltd., co-owned by SSE Thermal and Copenhagen Infrastructure Partners, have signed a new power purchase agreement (PPA), it was announced today. Axpo UK will purchase 100% of the power exported by a new 50 MW energy-from-waste plant which is currently under construction at the Slough Trading Estate in Berkshire, England.

Read more