Statkraft Signs PPA With Enerparc for 5 Subsidy-Free Solar Projects

Enerparc and Statkraft have signed a 12-year PPA for power generated from five subsidy-free solar projects with an installed capacity of 52 MW in Bavaria

Enerparc, a specialist in the development, construction and operation of large-scale solar power plants, and Statkraft, Europe’s largest producer of renewable energy and leading PPA provider, have signed a 12-year power purchase agreement (PPA). The five solar projects have a total installed capacity of approximately 52 MW. Statkraft will purchase a total of around 600 GWh of electricity from these projects from May 2020 to December 2031.

The construction of the Bavarian solar parks, which do not require any EEG compensation at all, already began in the summer of this year. The parks are expected to go into operation in spring 2020. The amount of electricity produced is equivalent to the electricity consumption of around 13,500 German households. Enerparc is responsible for development, construction and operation. Sunnic, the direct marketing subsidiary of Enerparc, is responsible for short-term marketing on the spot market.

“The realisation of this project is groundbreaking – both for Enerparc and for the expansion of renewable energy in Germany. With these solar parks with an output of 52 MW, we are realising subsidy-free projects on a multi-megawatt scale for the first time and giving the go-ahead for many other future projects in this area. With Statkraft as an experienced partner, we are securing the financing of this and other projects. We look forward to long-term cooperation,” said Stefan Müller, CEO of Enerparc.

The long-term purchase of the generated electricity by Statkraft provides Enerparc with the necessary planning security to implement a project of this size. The Norwegian energy company will use the electricity for the structured power supply of industrial companies.

“The agreement with Enerparc strengthens Statkraft’s position as a leading PPA provider. PPAs secure the long-term financing of new plants and thus enable the further expansion of renewable energy without subsidies in Germany,” said Dr. Carsten Poppinga, managing director of Statkraft in Germany. “More and more industrial companies are setting themselves ambitious sustainability targets. In addition to electricity from Ü20 wind turbines, we can now also offer these companies electricity from subsidy-free solar plants for structured electricity supplies,” he added.