Statkraft Inks 170 MW Solar Power Deal with BayWa

The project will be built without any state subsidies and will be one of the Europe’s first solar projects of such size.

Signaling the entry into the Spanish market as a leading European power provider, Norwegian power company Statkraft has signed a 15-year long power purchase agreement with BayWa r.e.

The total capacity of the plant will be 170 megawatt (MW) and will be developed by Germany’s BayWa Renewable Energy. Although the preliminary work has already been started and but the project will be commissioned by the end of this year.

The project will be built without any state subsidies and will be one of the Europe’s first solar projects of such size.

Commenting on the development, BayWa r.e. Solar Projects GmbH, Managing Director, BenediktOrtmann said, “Building one of the first subsidy-free solar projects of this size in Europe is a ground-breaking milestone; both for us as an international renewable energy company and also for the future of the European PV market.”

“With Power Purchase Agreements like the one for Don Rodrigo we are ensuring the long-term financing of new plants and are thus enabling further development of renewable energy across Europe,” says Hallvard Granheim, Executive Vice President Market Operations & IT at Statkraft.