Encavis has signed its first hybrid Power Purchase Agreement (PPA) combining solar and wind generation in Spain. Under the three-and-a-half-year agreement with Spanish energy company Visalia, Encavis will supply 60 GWh of renewable electricity annually from its 199 MW Aragon portfolio near Zaragoza.
The electricity is supplied by two solar parks and three wind farms. By combining the complementary generation profiles of solar and wind, the PPA provides a more balanced renewable electricity supply across different times of the day and year.
'Spain is one of our most important markets, and this agreement marks another step in the transition of our business. By combining wind and solar generation with power structuring, we can offer customers solutions that better match their needs. The PPA with Visalia demonstrates how we are bringing this approach to life,' says Mario Schirru, CEO of Encavis.
Visalia is an independent energy and telecommunications infrastructure operator, with more than 500 urban renewable energy generation facilities and over 1,000 km of electricity distribution and high-speed fibre-optic networks. Through this agreement with Encavis, Visalia strengthens its renewable energy procurement and diversification strategy, securing 60 GWh of solar and wind power annually to support the energy needs of its growing customer base.
'This agreement with Encavis strengthens our strategy of providing a comprehensive energy supply to our residential customers, homeowners’ associations and SMEs. By combining locally generated solar energy from our solar neighbourhoods (barrios solares) with wind power, we can complement our energy supply at night and move towards a more efficient, sustainable and competitive energy model,' says Alejandro Tejero-Garcés, Managing Director of Visalia.
Spain is one of Encavis’ key European markets, with 1 GW of solar and wind operational capacity. These include the Talayuela (300 MW) and La Cabrera (200 MW) solar parks, which were among the first utility-scale solar parks in Europe to be built and operated without public subsidies, together with Aragon wind (150 MW) among others.
Across Europe, Encavis has established relationships with a broad range of corporate and energy partners.
The recent opening of Encavis’ Madrid office further strengthens the company’s presence in one of its most important markets and supports its growing customer and origination activities across Southern Europe.
'Combining solar and wind gives us greater flexibility to structure PPAs around our customers’ energy needs. This agreement shows the value of bringing complementary technologies together – and the opportunity goes far beyond a single PPA. Across Europe, we see significant potential to develop even more customer-focused solutions, including Full Supply products that position us as a long-term partner, not simply a power supplier,' says Jorge Arenillas, Managing Director of Encavis Energy Solutions.
Jorge Arenillas, Managing Director of Encavis Energy Solutions (left), and Alejandro Tejero-Garcés, Managing Director of Visalia, during a joint visit to the Encavis portfolio in Aragon, Spain.
Source: Encavis
