AUDAX RENOVABLES AND STATKRAFT SIGN AN IMPORTANT PPA

Badalona/Madrid, 3 July 2019. The agreement, effective immediately, provides that the Norwegian Statkraft will supply 525 GWh of electricity to Audax Renovables annually for a period of ten and a half years. A quantity of energy that could satisfy the energy needs of approximately 130 thousand Spanish families in a year. And only green energy that Audax Renovables will distribute among SMEs and domestic users.

The electricity supplied will come entirely from Statkraft's Spanish solar energy portfolio. During the last 15 months, the Norwegian company has closed several power purchase agreements both for purely market-oriented operations and for projects resulting from the award of public tenders.    

With this agreement, Audax Renovables and Statkraft make their contribution to achieving the 2020 climate objectives, with the 20% of energy coming from renewable sources. A significant figure, especially if we consider that SMEs - and their consumption - are key components in this phase of energy transition.

“The agreement is in line with our strategic objective of having affordable energy thanks to the signing of long-term Power Purchase Agreements, in order to continue growth at a national and international level. The PPA with Statkraft will allow us to offer advantageous conditions and, consequently, consolidate our position as the first independent energy supplier to Spanish SMEs,” says José Elías, founder and president of Audax Renovables.

“PPAs are an important component of Statkraft's strategy in Spain. And the agreement with Audax Renovables strengthens our leading position in this sector. We are proud to be able to give concrete answers to the growing interest of the Spanish and Portuguese industry in renewable energy,” explains Hallvard Granheim, executive vice president of Markets&IT at Statkraft.