Axpo, Enhol sign ten-year PPA for 3.7TWh in Spain

Swiss vigor institution Axpo Group has entered into a ten-year powerfulness acquisition statement (PPA) with Spanish renewable vigor relation Enhol to proviso 3.7 terawatt-hours (TWh) of electricity, covering the entirety of Enhol's upwind assets successful Spain.

This woody is the largest PPA signed by Axpo Iberia, a subsidiary of Axpo Group, and aims to enactment Enhol's strategical reorganisation of its renewable vigor operations crossed Europe.

The statement is acceptable to bolster income stableness for Enhol and underscores the increasing value of PPAs arsenic captious hazard absorption tools successful evolving energy markets.

The 3.7TWh woody equates to powering astir 175,000 households and is expected to trim yearly CO₂ emissions by much than 160,000t.

Axpo Iberia CEO Ignacio Soneira said: “The measurement and duration of the statement underline our quality to operation complex, large-scale transactions successful an progressively demanding vigor environment.

“With the signing of this PPA, some companies are advancing their respective maturation and consolidation strategies successful the European renewable vigor market, contributing to the improvement of a much stable, competitory and decarbonised vigor system.”

Enhol, an independent, household owned company, operates successful much than 20 countries spanning 4 continents.

It plays a important relation successful Spain's renewable vigor manufacture and is progressive successful respective planetary upwind powerfulness projects.

With a concern spanning much than 20 years, Enhol has been a long-standing lawsuit of Axpo Iberia.

This caller statement further solidifies Axpo's relation arsenic a cardinal spouse for renewable vigor producers, offering solutions that integrate hazard absorption expertise and fiscal stableness with extended cognition of wholesale vigor markets.

Grupo Enhol co-managing directors Diego and Gonzalo Oliver said: "This statement with Axpo reinforces our stableness and strategical improvement of our renewable concern successful Europe.

“The woody reflects our committedness to dependable fiscal management, a semipermanent concern imaginativeness and strategical alliances with top-tier partners.”

Axpo Iberia, founded successful 2001, offers marketplace representation, power centre services and vigor ratio solutions, arsenic good arsenic supplying electricity, gas, star energy, biomass and biomethane.

In January 2025, Axpo Nordic, portion of the Switzerland-based Axpo Group, signed a semipermanent firm PPA with Finnish renewable vigor capitalist and shaper Exilion Tuuli Ky.

"Axpo, Enhol motion ten-year PPA for 3.7TWh successful Spain" was primitively created and published by Power Technology, a GlobalData owned brand.