BNZ prepares to have 1.7 GW of solar capability in operation by the end of 2026. Image: BNZ.
Spanish independent power manufacturer (IPP) BNZ has actually signed its very first virtual power purchase contract (VPPA), with the European subsidiary of product packaging provider Ardagh Group.
As part of the offer, BNZ will offer electrical power to Ardagh Metal Packaging-Europe (AMP-Europe) over a 12-year agreement, with a yearly supply of around 146GWh from the offer's start date in 2026. While BNZ did not define from which predicts the business would obtain electrical power, the IPP presently has 2 tasks in operation in Cádiz, Spain, with an integrated capability of 74MW.
This short article needs Premium SubscriptionBasic (FREE) Subscription
Open limitless gain access to for 12 entire months of unique international analysis Photovoltaics International is now consisted of.
- Routine insight and analysis of the market's greatest advancements
- Thorough interviews with the market's leading figures
- Limitless digital access to the PV Tech Power journal brochure
- Limitless digital access to the Photovoltaics International journal brochure
- Access to more than 1,000 technical documents
- Discount Rates on Solar Media's portfolio of occasions, in-person and virtual
Or continue reading this short article free of charge
“Our cooperation with AMP-Europe shows how a tactical alliance can have a considerably favorable effect for all celebrations included,” stated BNZ handling director Luis Selva. “This VPPA not just reinforces our existence in Portugal, among our essential markets, however likewise adds to our shared dedication with AMP-Europe to promote decarbonisation and move towards a more sustainable future.”
The finalizing of its very first VPPA is a crucial turning point for BNZ, which has a variety of strategies in location to broaden its portfolio. The business protected EUR680 million (US$ 741 million) in funding to increase job building and construction operate in Italy, Portugal and Spain today, and raised funds from the European Investment Bank (EIB) to include 700MW of brand-new solar capability in September.
The IPP commissioned its very first solar task this year and stated that it prepares to commission its very first task in northern Portugal “quickly”. By 2026, BNZ prepares to have around 1.7 GW of capability in operation.
These strategies follow the Spanish federal government's order to construct 25GW of brand-new solar PV capability in the nation in July, a substantial financial investment even for a nation as eager to welcome solar energy as Spain. With Spain having actually withstood unfavorable energy rates previously this year, financial investment in nearby innovations, such as storage, will be important for the nation's long-lasting future.
TOTALLY FREE WEBINAR – Dr. Finlay Colville, Head of Research at PV-Tech, will review his 2 critical talks from the current PV CellTech USA 2024 in the San Francisco Bay Area, using an extensive analysis of the PV production landscape. As the solar market gets in the Terawatt age, Dr. Colville will check out the technological developments recently and what is set to unfold to the end of the years.
