Largest PPA for unsubsidised onshore wind asset

Largest PPA for unsubsidised onshore wind asset Get in touch Our New Energy is proud to announce our involvement in signing what is most likely the largest PPA based on volume (12TWh) for an unsubsidised onshore wind asset in the world, signed between an undisclosed offtaker and Copenhagen Infrastructure Partners (CIP) as publicly announced today. We had the pleasure of assisting our client, CIP, throughout the process as responsible for the identification of the desired PPA product, the origination of the offtaker, the structuring of the product and finally assisting CIP in closing this landmark deal. The wind farm totalling 487 MW consisting of 129 GE 3.8-130 turbines is expected to be connected to the grid over the next 12 months and will generate enough power to supply approximately 430.000 Spanish households with green power each year. Every client has different requirements and the market has limitations especially in a deal of this size. Finding a counterparty able to offtake such a large volume in one transaction is not easy and requires the offtaker to have strong team able to structure the deal as well as support from their management and board. This offtaker was an ideal match from this point of view and along with some of the more bespoke aspects of the contracts and contracting process, quite likely one of the only offtakers able to fulfill all of CIP’s requirements. In spite of the size and some of the bespoke aspects of the contract alongside the global pandemic, through the hard work and dedication of teams on both sides it was possible to close this deal in a relatively short time span. At Our New Energy we cherish the opportunity to work on special deals, special not necessarily through size alone but where we get the opportunity to collaborate with our clients on the unique aspects of their deal. With the latest announcement we are happy to share that we have realised over 2.5 GW of long term market parity PPAs for our clients. We look forward to seeing this figure grow as we play our part in the energy transition. Recent Post Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Get in touch Last week (04/06), PwC published a survey… Learn More 10 de junio de 2024 The energy transition puzzle has not a single solution The energy transition puzzle has not a single solution Get in touch ONE’s Partner Jakob Bendixen on the Danish GreenLab,… Learn More 1 de abril de 2024 The Silverlining: BESS and the Future of Renewables in Spain PPAs: why Italy only witnessed a few corporate cases Get in touch The Silverlining: BESS and the Future of Renewables… Learn More 14 de marzo de 2024 Cargar más

First long term PPA for Sonnedix for an unsubsidized asset in Spain

First long term PPA for Sonnedix for an unsubsidized asset in Spain Get in touch Sonnedix, a leading solar independent power producer, saw the potential on the Spanish renewables market early and moved swiftly to secure an interesting pipeline.  Of which the first 50MW in Extremadura have now reached sufficient maturity to sign a PPA, to supply Statkraft with around 100 GWh/year of green electricity from 2021 to 2031, this enabling the project to secure the long-term financing and construction. It was interesting for us to be able to follow this growing portfolio from the very early stages and with a clear understanding of when PPAs were to be signed. In spite of COVID19 it was possible to reach an agreement satisfying both parties and clearly demonstrates that the Spanish PPA market remains active. We would like to thank all involved parties for their diligence and dedication working from home to get this deal done in spite of the difficult circumstances. We look forward to continuing our collaboration with Sonnedix in their post-subsidy ventures in Spain and abroad. Recent Post Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Get in touch Last week (04/06), PwC published a survey… Learn More 10 de junio de 2024 The energy transition puzzle has not a single solution The energy transition puzzle has not a single solution Get in touch ONE’s Partner Jakob Bendixen on the Danish GreenLab,… Learn More 1 de abril de 2024 The Silverlining: BESS and the Future of Renewables in Spain PPAs: why Italy only witnessed a few corporate cases Get in touch The Silverlining: BESS and the Future of Renewables… Learn More 14 de marzo de 2024 Cargar más

OPDEnergy expands its cooperation with Centrica

OPDEnergy expands its cooperation with Centrica Get in touch After successfully assisting OPDEnergy in structuring, originating and closing their first PPA with Centrica for 150 MW (who prior to this had not been offering PPAs in Spain) it was only natural to build on the strong and good relationship between the parties. By leveraging on the previous agreements and structures it was possible for OPDEnergy and Centrica to swiftly increase their cooperation by an additional 111 MW covering three pv projects developed by OPDEnergy. Even where future projects may not lend themselves to the signing of additional PPAs, it can be of great value to lay the foundations for a future relationship already prior to the signing of the first transaction. The foresight by both parties made it possible to nearly double the size of their collaboration promptly. OPDEnergy Diario de Navarra In addition, we have advised OPDE with additional 370 MW PPA which has been signed with an undisclosed counterparty. Recent Post Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Get in touch Last week (04/06), PwC published a survey… Learn More 10 de junio de 2024 The energy transition puzzle has not a single solution The energy transition puzzle has not a single solution Get in touch ONE’s Partner Jakob Bendixen on the Danish GreenLab,… Learn More 1 de abril de 2024 The Silverlining: BESS and the Future of Renewables in Spain PPAs: why Italy only witnessed a few corporate cases Get in touch The Silverlining: BESS and the Future of Renewables… Learn More 14 de marzo de 2024 Cargar más

Foresight nearly double their existing Iberian Portfolio with new PPA for 50 MW Guzman solar plant

Foresight nearly double their existing Iberian Portfolio with new PPA for 50 MW Guzman solar plant Get in touch Our New Energy assisted Foresight in signing a PPA with EDF Trading for Foresight’s hitherto largest single asset on the Iberian peninsula to date – a 50MWp PV plant in Guzman, Huelva (Spain). Our New Energy pioneered the market for unsubsidised PV alongside Foresight, when Foresight signed the first PPA for an unsubsidised PV asset in Iberia. This first asset was quickly followed by additional assets, and the great cooperation between ONE and Foresight is set to continue. Foresight Montel Recent Post Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Get in touch Last week (04/06), PwC published a survey… Learn More 10 de junio de 2024 The energy transition puzzle has not a single solution The energy transition puzzle has not a single solution Get in touch ONE’s Partner Jakob Bendixen on the Danish GreenLab,… Learn More 1 de abril de 2024 The Silverlining: BESS and the Future of Renewables in Spain PPAs: why Italy only witnessed a few corporate cases Get in touch The Silverlining: BESS and the Future of Renewables… Learn More 14 de marzo de 2024 Cargar más

A different transaction

A different transaction Get in touch 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) Recent Post Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Financing Opportunities for Power-to-X in Denmark: Are the Fundamentals Established? Get in touch Last week (04/06), PwC published a survey… Learn More 10 de junio de 2024 The energy transition puzzle has not a single solution The energy transition puzzle has not a single solution Get in touch ONE’s Partner Jakob Bendixen on the Danish GreenLab,… Learn More 1 de abril de 2024 The Silverlining: BESS and the Future of Renewables in Spain PPAs: why Italy only witnessed a few corporate cases Get in touch The Silverlining: BESS and the Future of Renewables… Learn More 14 de marzo de 2024 Cargar más

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