We are happy to announce our facilitation of the recently announced deal between Audax and Statkraft. This unique transaction shows the maturity and development of the Spanish long term power market, showing that OTC trades can be a viable alternative to exchange traded futures.

The increased liquidity raises the value of the underlying PPAs benefitting the parties themselves and the market in general.

The original communication from Statkraft is here:

• Audax Renovables and Statkraft sign largest long-term PPA with immediate delivery in Spain

Some reactions in the press here:

• Audax and Statkraft close the largest PPA in Spain (Spanish)
• Audax Renovables and Statkraft sign largest long-term PPA with immediate delivery in Spain
• The Norwegian Statkraft will supply green energy to Audax for ten years (Spanish)
• Audax Renovables and Statkraft sign largest long-term PPA with immediate delivery in Spain
• Audax Renovables and Statkraft sign the largest agreement for the immediate purchase of long-term energy in Spain (Spanish)