Zelestra, a global, multi-technology, customer-focused, renewable energy company, and EDP, a global energy company leader in the renewable energy sector, have signed, for the first time in the Spanish market, an innovative long-term power purchase agreement (PPA) that combines large-scale solar and battery storage projects and technologies.
This agreement will allow Zelestra to build a project consisting of 170 MWdc of solar capacity and 400 MWh of battery storage located in Trujillo, Extremadura, Spain.
The hybrid structured product is designed to ensure that the battery can always be fully charged daily by the solar plant in all weather conditions, allowing EDP the flexibility to have clean energy outside of “normal solar hours” and at traditionally high-demand, high-price periods of time. This solution will also contribute to reducing the intensity of CO₂ emissions during periods of peak power demand, helping to displace gas plants that typically operate during this time.
The total anticipated annual production in Trujillo will be in the region of 300 GWh, preventing over 40,000 tons of CO₂ emissions each year.
With a portfolio of approximately 30 GW of carbon-free projects in 13 countries (5.5 GW contracted with customers and in operation, construction, or pre-construction stage), Zelestra is a vertically integrated company specializing in the development, commercialization, construction and operation of large-scale renewable energy projects. The company is backed by EQT, one of the world’s largest funds, with more than €273 billion in assets under management.
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