Axpo has signed a long-term power purchase agreement (PPA) with Hamburg-based solar specialist ENERPARC AG as the company continues to expand its solar PPA business in Germany. Under the ten-year agreement, Axpo will buy and market power from a newsolar park in Büttel, Schleswig-Holstein, from 2023.
With approximately 119,000 modules, the solar park in Büttel has an installed capacity of around 39MWp and will generate power for about 7,500 households. Within the PPA, Axpo will market production from the already completed PV plant together with the project developer ENERPARC and its trading subsidiary Sunnic Lighthouse GmbH for a period of ten years. Axpo will purchase approximately 35GWh of solar power a year, 4 GWh will be marketed under the market premium model.
For the first time in Germany, the solar park will supply base load energy to the buyer. Sunnic Lighthouse GmbH will manage the volatile supply with the help of an 8 MWh battery which will be installed at the site. Financing for this innovative model took place through Deutsche Anlagen Leasing GmbH & Co. KG (DAL).
Welcoming the announcement, Thomas Kott, Head Portfolio Management at Axpo Deutschland, said: “With this PPA, we have once again expanded the solar portfolio that Axpo markets on behalf of its customers. Our objective is to support the expansion of renewable energies in general, and solar energy in particular, using our extensive know-how of PPAs to advance the energy transition in Germany. The innovation tender for projects with battery storage is an important part of this undertaking and will make it possible to implement more projects in the future. We look forward to cooperating with our experienced and professional partner ENERPARC.”
Christoph Koeppen, CEO and Chairman of ENERPARC, added: “Times like these demonstrate how important it is to invest in the energy transition. Having Axpo on board for this project is an important step in the right direction and we look forward to the joint implementation of this PPA.”
Dr. Peer Günzel, Sales Manager Infrastructure & Utilities at DAL, commented: “We are pleased to have been able to support our client ENERPARC with this first base load PPA in Germany. In structuring and financing this project, DAL was able to draw on its concrete project experience with PPAs. We want to further expand our market-leading position in this sector and look forward to more exciting projects in the future.”
Hamburg, Baden (CH), Mainz, 11th April 2022
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About ENERPARC AG:
Headquartered in Hamburg, ENERPARC is a leading utility-scale photovoltaic company that covers the entire value chain. The services range from development over design, procurement and construction to operations and maintenance as well as asset management and energy trading. Founded in 2008, ENERPARC has become a global player with 300+ experienced employees and licensed partners in Spain, France, India, and Australia. ENERPARC has successfully commissioned projects with an overall capacity of 3,600 MW and is operating 2,500 MW.
About Sunnic Lighthouse GmbH:
Sunnic Lighthouse GmbH with headquarters in Hamburg is a subsidiary of ENERPARC AG and traded approximately 9 terawatt-hours of electricity from renewable energy in 2021. As a leading specialist in the industry, Sunnic offers its customers individual services in the field of renewable energy: from directmarketing to power supply all the way to transaction hedging with power purchase agreements. The main focus is on green electricity from German photovoltaic plants, but other sustainable energy sources are also included.
Axpo is driven by a single purpose – to enable a sustainable future through innovative energy solutions. Axpo is Switzerland’s largest producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power. Axpo combines the experience and expertise of more than 5,000 employees who are driven by a passion for innovation, collaboration and impactful change. Usingcutting-edge technologies, Axpo innovates to meet the evolving needs of its customers in over 30 countries across Europe, North America and Asia.
About the DAL:
With an accompanied transaction volume of over 2,3 billion Euros per year, DAL is one of the leading specialists for the realisation of large-volume, asset-based investment projects. As an energy competence centre for savings banks, DAL provides its customers access to the financing power of a strong, reliable finance group. DAL structures and arranges financing for PPA projects in Germany and selected European countries.