Spanish developer Solarpack has signed a power purchase agreement with Shell Energy Europe for output from its 54MW solar project in Murcia. Bilbao-based Solarpack will supply Shell with 105 gigawatt hours a year of clean energy for 10 years starting in June 2024, from the plant. The project is being financed with €38m from BBVA. “This operation further reinforces our presence in Spain, one of the biggest solar energy markets in Europe, and is in line with our strategic plan to achieve 5GW of installed capacity by 2026,” said Solarpack sales director Iván Nieto.
Corporate and business director for BBVA in Spain Fernando Alonso added: “BBVA’s support for the Solarpack project forms part of our commitment to sustainability and our special support for sectors linked to renewable energy. “Our objective is to accompany our clients and society in the process of transitioning towards production models that are more respectful of the environment.” Vice president for Shell Energy Europe Tom Summers said: “We are delighted to have signed this agreement with Solarpack on a project which will assist Europe’s transition to a lower-carbon energy system. Shell Energy Europe’s focus on delivering renewable power solutions for customers enables the development and access to the market for more renewable energy projects.” The deal will extend Solarpack’s capacity to a total of 14,156MW worldwide.
Credits: renews.biz [Image: Unplash/Antonio Garcia]