trending Market Intelligence /marketintelligence/en/news-insights/trending/ddZs2O3N-PVi4JrilaDnFw2 content esgSubNav
In This List

Audax, Trina Solar sign 20-year contract for 300-MW solar portfolio in Spain

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Audax, Trina Solar sign 20-year contract for 300-MW solar portfolio in Spain

Spanish utility Audax Renovables SA signed a 20-year contract with Chinese developer Trina Solar Ltd. to purchase 300 MW of electricity from planned photovoltaic facilities in Castilla La Mancha, Levante and Andalucia in Spain.

The contract, together with appropriate market conditions, may involve investments of more than €200 million, Audax said in a news release. The projects are planned to enter operations by the end of this year and early 2020.

The power contract meets "Audax Renovables' strategic aim of long term energy supply for its Spanish customers in order to provide them with 100% renewable energy, entirely greenhouse gas emissions-free, which will contribute to the protection of the natural environment," the company said.

Audax signed a 20-year agreement in February with Ireland's WElink Investment Holdings to purchase 708 MW of electricity from solar projects in Portugal and Spain.