Axpo is continuing to expand its business with long-term power purchase agreements (PPAs) for solar plants in Germany: as part of an agreement with Hamburg-based solar specialist ENERPARC AG, Axpo will purchase electricity from a solar park in Büttel, Schleswig-Holstein, from 2023 onwards.
With around 119,000 modules, the solar park in Büttel has an installed capacity of approximately 39 MWp and supplies electricity to around 7,500 households. Axpo will market the already completed PV plant under the PPA with project developer ENERPARC and its trading subsidiary Sunnic Lighthouse GmbH over a period of ten years. The company will purchase around 35 GWh of solar power annually, with 4 GWh being marketed via the market premium model.
For the first time in Germany, the solar park is supplying a baseload band to the customer. Sunnic Lighthouse GmbH is structuring the volatile feed-in with the help of an 8 MWh battery that is being installed on site. This innovative model is financed by Deutsche Anlagen Leasing GmbH & Co. KG (DAL).
Thomas Kott, Head of Portfolio Management at Axpo Germany, is delighted: "With this PPA, we have once again expanded our portfolio of solar plants that we market on behalf of our customers. We are committed to supporting the expansion of renewable energies in general and solar energy in particular with our extensive expertise in the field of PPAs in order to further advance the energy transition in Germany. The innovation tender for projects with battery storage is an important piece of the puzzle and will enable further projects to be implemented in the future. We look forward to working with our experienced and professional partner ENERPARC.“
”Times like these show how important it is to invest in the energy transition. Having Axpo on board for this project is therefore an important step in the right direction. We look forward to implementing this PPA together," said Christoph Koeppen, CEO and Chairman of the Board of ENERPARC AG.
Dr. Peer Günzel, Head of Sales Infrastructure and Supply, DAL: “We are delighted that we were able to support our customer ENERPARC with this first baseload PPA in Germany. DAL draws on its specific project experience with PPAs when structuring the financing. We want to further expand our market-leading position here and look forward to further exciting projects in this segment.”
About ENERPARC AG:
The internationally active expert 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 company now employs over 300 people and, in addition to its core market in Germany, is also active in Spain, France, India, and Australia. In recent years, ENERPARC has successfully connected more than 540 solar plants with a capacity of over 3,600 MW to the grid worldwide – 2,500 MW of which are its own solar power plants – and has become one of the largest independent electricity producers for solar energy in Europe.
About Sunnic Lighthouse GmbH:
Sunnic Lighthouse GmbH, based in Hamburg, is a subsidiary of ENERPARC AG and traded approximately 9 terawatt hours of electricity from renewable energy plants in 2021. 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, but all other sustainable electricity sources are also taken into account.
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 5,000 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 DAL:
With an accompanied transaction volume of over €2.3 billion per year, DAL is one of the leading specialists in the realization of large-volume, asset-based investment projects. As the energy competence center of the Sparkassen, DAL gives its customers access to the financing power of a strong and reliable financial group. DAL structures and arranges the financing of PPA projects in Germany and selected European countries.