Luxcara, one of the leading asset managers for renewable energy investments, and Alpiq, a leading Swiss energy services provider and electricity producer in Europe have entered into a physical long-term power purchase agreement (PPA) for the output of the solar project Guillena-Salteras in Spain. The agreement comes just a few weeks after closing their first long-term PPA for the project El Salobral.
The solar project Guillena-Salteras is located north of Seville in Andalusia, one of the sunniest locations in all of Europe. With a capacity of approximately 121 MW, the solar plant will provide more than 53,000 Spanish households with renewable energy.
“We are happy to announce that we have closed yet another long-term PPA, demonstrating our strong presence and commitment to the Spanish market and the trust we put in Alpiq. Doing a repeat deal with the same offtaker creates positive synergies for both parties. We are confident that both projects will benefit immensely from the value creation of working with a single counterpart,” says Dr. Philip Sander, Managing Partner of Luxcara.
The solar project Guillena-Salteras was acquired by Luxcara for a portfolio for institutional investors in December 2018. Construction works started immediately after acquisition and are progressing according to plan. The start of production is planned for the first half of 2020.
Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.
Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 2 gigawatts and an investment volume exceeding 2.5 billion euros. With this outstanding track record, Luxcara is one of Europe’s most experienced asset managers for renewable energy investments.
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 and E- Mobility. As an international energy trader, Alpiq is active on all major European markets with unique expertise in the field of flexibility management and origination.
With a strong presence in Spain since 2010, Alpiq operates its own power generation facilities 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 such as chemistry, automotive, food, pulp and paper or ceramics.
The Alpiq Group has approximately 1550 employees, is headquartered in Lausanne and is listed on the SIX Swiss Exchange.
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