Solarpack has closed two power purchase agreements (PPAs) for two solar photovoltaic plants in Spain which together will generate 475 GWh of clean energy during the time period of the duration of the PPAs.

The two PPAs have been signed with a global utility for the Pizarroso project, located in Cáceres (Extremadura), and Valkyria, in Cuenca (Castilla-La Mancha). Both projects are already in operation.

The Pizarroso solar photovoltaic plant, which covers 91 hectares, generates around 95 GWh a year and will avoid more than 2,000,000 tonnes of CO2 emissions per year during its lifetime, providing electrical energy equivalent to the annual consumption of 27,000 homes.

The Valkyria photovoltaic park generates around 300 GWh per year, equivalent to the annual consumption of more than 62,000 homes. The generation pledged under this contract will avoid more than 155,200 tonnes of CO2 per year.

Iván Nieto, Solarpack’s Chief Commercial Officer, said: “With the signing of these PPAs, Solarpack is taking a significant step towards the reduction of carbon emissions and the advancement of a more sustainable energy model in Spain. The solar plants will actively contribute to the generation of clean energy, aiding the country’s efforts to meet its climate and renewable energy objectives.”

Solarpack manages long-term power purchase agreements in markets including Spain, Chile, Peru, Colombia, Malaysia and India, from more than 1,052 MW of photovoltaic projects.

Solarpack has 14 photovoltaic plants in Spain, where it has 495 MW of installed capacity. The company’s complete project portfolio is over 14,000 MW.