Iberdrola to build 328 MW of Spanish PV under PPA with telco Orange

13/02/2020 10:39 Solar


Iberdrola SA and French telecom group Orange SA r project in the home country.

Under terms of the PPA, Iberdrola is to supply electricity to Orange’s operations in Spain for 12 years, the utility said Wednesday. The PPA is already in force and one half of the supply it covers - 200 GWh per year -- is tied to the new build.


The 328-MW photovoltaic (PV) project is named Ceclavin, after one of two municipalities it will occupy in the Spanish region of Extremadura. Iberdrola will invest roughly EUR 250 million (USD 272.8m) in its construction and expects to have the solar park up and running this year.


Once commissioned, the Ceclavin facility will be Iberdrola’s third operational PV park in Extremadura.


Source: renewablesnow.com

Daily (06.04.2019): Brent crude jumped by nearly 14% on Friday, on hopes for new output cuts by world oil leaders

06/04/2020 11:06:00

Crude oil prices rebounded on Friday, marking the first weekly rise in more than a month, after OPEC leader, Saudi Arabia, announced the willingness to have an emergency meeting to potentially cut oil supplies and solve the oil price war. Consequently, Brent crude for June delivery traded 13.9% higher at $34.11 a barrel. Similarly, WTI futures spiked by 11.9% to $28.34 a barrel.


Innogy commits to 342MW Kaskasi

06/04/2020 10:58:00

Innogy has given the go-ahead to its third German offshore wind farm having taken a final investment decision (FID) for the construction of the 342MW Kaskasi project in the North Sea.


German hourly power drops to minus 50.26 euros per MWh for Sunday

06/04/2020 10:54:00

German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth consecutive Sunday amid low demand and high renewables feed-in.