Energy Storage News•11 days ago
Zelestra’s solar-plus-storage Spain offtake deal is ‘PPA 2.0’, firm says
Key Takeaway
This pioneering solar-plus-storage PPA in Spain signals a market shift towards more sophisticated, integrated renewable energy procurement models offering enhanced reliability and dispatchability for developers and large consumers.
AI Summary
- •IPP Zelestra and utility EDP have executed Europe's first 'PPA 2.0' for a solar-plus-storage project in Spain.
- •This innovative PPA structure is considered a significant market advancement, potentially setting a new standard for hybrid renewable energy procurement.
- •For developers, it highlights increasing demand for integrated solar-plus-storage solutions and advanced PPA models beyond traditional energy-only contracts.
- •Large power consumers can view this as a precedent for securing more reliable, dispatchable renewable energy supply through sophisticated, long-term agreements.
Topics
financingppasolarstorage
Article Content
IPP Zelestra and utility EDP's recent PPA deal for a solar-plus-storage project in Spain was the first of its kind in Europe and 'moves the market forward', a Zelestra executive told Energy-Storage.news.