Madrid and Lausanne, 17 June 2021 – Aquila Capital, the investment and industrial development company focused to generate and manage essential assets and Alpiq, the Swiss energy producer and trading company, have signed a power purchase agreement (PPA) for the solar plant “La Cabrita” in Almeria.
Through this 5-year PPA starting in the summer of 2021, Aquila Capital will provide Alpiq with 100% renewable energy at competitive price levels. The power generated will be equivalent to the annual energy consumption of 25,000 Spanish households.
“La Cabrita” solar plant is located in Almeria and will have a total installed capacity of 50 MW. Once connected to the grid, this plant will produce 87 GWh of solar energy per year, of which Alpiq will offtake its electricity output. The power produced by this solar plant will avoid 28,986 tonnes of CO2 emissions annually.
Marcos Dominguez, Director of Power Sales Iberia at Aquila Capital highlights that: “This PPA with Alpiq is a very important milestone for Aquila Capital in Spain, reinforcing our commitment to generate 100% clean energy to help driving the energy transition forward. This is the second long-term power purchase agreement that we have signed in Spain and we continue to work to close more agreements with this type of commercialisation as we believe they have a very attractive scheme, both for us and for the buyer".
Guillermo Negro, Alpiq Country Manager Spain says: “This agreement is an important step towards an emission-free energy supply in Spain and well in line with the country's ambitious climate goals. Alpiq aims to create sustainable value in the coming years. We support our customers’ sustainability journey by further integrating renewable energy sources into the Spanish power market. Both partners will also increase their planning security.”
About Aquila Capital
Aquila Capital is an investment and industrial development company focused to generate and manage essential assets on behalf of its clients. By investing in clean energy and sustainable infrastructure, Aquila Capital contributes to the global energy transition and strengthens the worlds’ infrastructure backbone. The company initiates, develops, and manages these essential assets along the entire value chain and lifetime. Currently Aquila Capital manages around 12.5 billion Euro on behalf of institutional investors worldwide. The company has around 600 employees from 48 nations, operating in 14 offices in twelve countries worldwide.
Alpiq is a leading Swiss energy services provider and electricity producer in Europe. Alpiq offers its customers comprehensive and efficient services in the fields of energy generation and trading as well as energy optimisation. As an international energy trader, Alpiq is active on all major European markets with unique expertise in the field of flexibility management and origination.
Present in Spain since 2010, Alpiq operates its own, flexible power plant and offers solutions mainly oriented to the industrial sector such as the supply of power and gas, as well as market access and risk management, with a diversified customer base in industrial sectors.
Alpiq Group has approximately 1,200 employees and is headquartered in Lausanne. www.alpiq.com