Axpo and Sunnic Lighthouse GmbH, the electricity trading subsidiary of solar park developer ENERPARC AG, have signed another power purchase agreement (PPA). Starting October 1, 2023, Sunnic Lighthouse will supply Axpo with 38.4 GWh of solar power per year. This volume covers the electricity needs of around 7,500 households per year and saves more than 22,000 tons of CO2 emissions compared to fossil fuels.
Sunnic Lighthouse will provide the electricity in a so-called "pay-as-forecasted" structure, i.e., based on a forecast delivery schedule for the following day. The solar power comes from a portfolio of several solar plants already connected to the grid by the parent company ENERPARC, with a total capacity of 39.8 MWp. The PPA will initially run until December 31, 2027.
Axpo Germany Managing Director Johannes Pretel: "The successful negotiation of this second contract is proof of the trusting partnership between the two companies. We were once again able to conclude the PPA smoothly and without complications. With Sunnic as a reliable partner on board, we look forward to further agreements that will help us drive forward the energy transition."
Axpo and Sunnic already signed a contract in April last year for the marketing of the Büttel photovoltaic plant, which runs until 2032. This includes the purchase of around 35 GWh of solar power per year.
Arved von Harpe, Managing Director of Sunnic Lighthouse: "As a flexible electricity trading company, we can offer our customers electricity supply contracts tailored to their requirements. In addition to long-term PPAs, we can also offer medium-term PPAs for portfolios already connected to the grid with a wide variety of structures, such as: Pay as Forecasted – as is now the case with the PPA with Axpo – up to annual hourly profiles or monthly band deliveries. Our motivation is to negotiate a contract with experienced and professional partners such as Axpo that satisfies both sides. We look forward to continuing our cooperation."
About Axpo:
Axpo's ambition is to enable a sustainable future for society with innovative energy solutions. Axpo is Switzerland's largest producer of renewable energy and an international pioneer in energy trading and the marketing of solar and wind power. More than 6,000 employees combine experience and expertise with a passion for innovation and a shared quest for ever better solutions. Axpo relies on innovative technologies to meet the ever-changing needs of its customers in over 30 countries in Europe, North America, and Asia.
About ENERPARC:
The internationally active specialist for solar power plants in the megawatt segment is active as a developer, builder, operator, and investor of large-scale solar power plants. Founded in Hamburg in 2008, the unlisted AG now employs over 400 people and, in addition to its core market of Germany, is also active in Spain, France, Portugal, India, and Australia. In recent years, ENERPARC has successfully connected more than 600 solar plants with a capacity of over 4,100 MW to the grid worldwide – 3,000 MW of which are its own solar power plants – and has become one of the largest independent electricity producers for solar energy in Europe. By 2030, ENERPARC aims to develop a total of 10 GW of PV plants worldwide for its own portfolio and a further 10 GW for third-party solar portfolios.
About Sunnic Lighthouse:
Sunnic Lighthouse GmbH, based in Hamburg, is a subsidiary of ENERPARC AG. To date, the electricity trading company has marketed around 9 terawatt hours of electricity from renewable energy plants. As a leading specialist in the industry, Sunnic offers its customers customized services in the field of renewable energies: from direct marketing and electricity supply to hedging transactions via power purchase agreements. The main focus is on green electricity from German photovoltaic plants—in addition to all other sustainable electricity sources.