Holaluz and ENERPARC AG sign a PPA for the acquisition of 84 MW of photovoltaic renewable energy in the Balearic Islands

• The agreement aggregates the renewable energy generated by 23 photovoltaic projects located in the Balearic Islands (21 in Mallorca and 2 in Ibiza), with a capacity between 3 and 5 megawatt. This generated energy will supply around 43,000 new Holaluz customers.
• Holaluz, the green energy technology company, will acquire the energy generated by the 23 projects at a price agreed between the parties, through a PPA and will also act as a market representative.

Barcelona, 29th December, 2020.- Holaluz, the green energy technology company listed on BME Growth (formerly known as the Alternative Stock Market - MAB), has signed a PPA (Power Purchase Agreement or long-term energy purchase agreement) with ENERPARC AG for the acquisition of renewable energy generated by parks that aggregate a total of 84 megawatt generated by 23 photovoltaic projects. Likewise, Holaluz will act as a market representative. This generated energy will supply around 43,000 new Holaluz customers.

ENERPARC AG, a German company specialized in solar energy based in Hamburg, will launch a total of 23 photovoltaic projects located in the Balearic Islands (21 in Mallorca and 2 in Ibiza) over the next two years, with a capacity between 3 and 5 megawatt. The start is scheduled between the first quarter of 2021 and the third quarter of 2022. The agreement will have a duration of 10 years and will involve an investment of approximately 60 million euros, financed with Project Finance.

PPAs in Spain and Portugal

The strong growth rate that Holaluz is experiencing, generates the need to seek this type of PPA contract in order to provide a stable price to its customers. As well as to guarantee the renewable origin of its energy. This PPA defines all the terms of the sale of energy between the seller and the buyer such as the payment conditions, the delivery schedule, etc.

Since November 2018, Holaluz has signed other PPAs. The first with Raiola Future, for the purchase of 10 photovoltaic plants over 10 years in photovoltaic plants with a total capacity of 20 MW. The second with EDF Solar, an agreement for the purchase of the energy generated by photovoltaic plants with a total capacity of 20MW in Spain and Portugal. In 2019, Holaluz signed a PPA with Falck for the purchase of energy produced in a wind installation with a total capacity of 10MW; it also signed an agreement with Fundeen to acquire the energy produced by photovoltaic installations promoted by it. This year, 2020, a PPA has been signed with Wirtgen Invest for four photovoltaic parks in Portugal with a total capacity of 97MW.