Home / News & Media / Second International Co-Investment Update: Long Term PPA Secured
NextEnergy Solar Fund, the specialist solar+ fund, is pleased to announce that its second international solar co-investment named Santarém, a 210MW project in Portugal in which NESF holds a 13% stake, has signed a long-term Power Purchase Agreement (“PPA”) with Statkraft, a leading renewable producer in Europe’s energy market.
Under this agreement, Statkraft will acquire the electricity production from Santarém, made up of three photovoltaic solar plants currently under construction in Portugal, for eight years. The PPA builds on the existing successful relationship between NextEnergy Capital and Statkraft, following an earlier signed PPA between the two covering Agenor, a 50MW Spanish solar asset and NESF’s first co-investment, where the Company took a 25% stake alongside NextPower III ESG.
Full announcement here: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4270840&lang=en-GB&companycode=gg-nesf&v=
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