Grenergy, the company that produces energy from renewable sources and a specialist in the development, construction and management of photovoltaic and wind projects, has signed an agreement with a relevant electricity group for the sale of long-term energy (PPA, for its acronym in English) of approximately 200 GWh per year.
In this way, Grenergy will sell part of the energy produced by its Belinchón solar park to this electricity generating, trading and distributing company for a period of 12 years .
Located in the Cuenca municipality of Barajas de Melo, this park will have an installed power of 150 MWp and an estimated production of 315 GWh per year. The company expects that it will enter into operation during the next year 2022, although the agreement will not be activated until March 2023. When it is operational, it is estimated that it will generate enough energy to supply electricity to 90,000 homes , which represents a saving of 116,865 tons of CO2 per year.
To optimize the excellent solar resource in this area, this solar park will use bifacial photovoltaic modules that increase its production by up to 15%. It is an innovative technology that captures radiation on both sides to make the most of the surface of the plates.
However, the Belinchón plant is not the only one that Grenergy has underway in Spain, and specifically in the province of Cuenca. Precisely here, the company is also building Escuderos, one of the largest solar parks in Spain that will have a total power of 200 MW and is expected to be connected in the coming days.
In this sense, Grenergy also has experience in signing PPAs in our country. Thus, the current PPA is added to the one that has already been signed with Galp through a contract that will progressively incorporate electricity into the commercial activities of the energy company also over a period of 12 years.
According to David Ruiz de Andrés, CEO of Grenergy, “this operation demonstrates the structure and capacity of the company to close long-term power purchase and sale contracts and represents a further step in meeting our goal of reaching 1.5GW in operation for the year 2022 “.