ENERPARC subsidiary Sunnic Lighthouse and Iqony are expanding their cooperation: Both parties have recently concluded another power purchase agreement (PPA) in a “pay-as-forecasted” structure. From January 1, 2024, to December 31, 2025, Sunnic will supply 9.87 gigawatt hours (GWh) of electricity annually to the Essen-based energy company based on a forecasted delivery schedule for the following day.
This is already the third electricity supply agreement that Sunnic has concluded with Iqony. The first two, with volumes of 3.3 and 12.6 GWh per year and terms of five and three years, were signed by both companies in September 2022 and April 2023.
Arved von Harpe, Managing Director of Sunnic Lighthouse, comments: “This third contract conclusion within around a year reflects the very good and trusting cooperation with Iqony. It also shows that there is a growing demand for green electricity, which we can meet in a structured manner from the solar portfolio of our parent company, ENERPARC AG. We look forward to further projects.”
As part of the ENERPARC Group, which as an integrated photovoltaic system developer combines all services along the value chain under one roof, Sunnic, as an electricity trader, has direct access to the solar parks as soon as they go online. Solar power for this PPA is also generated by an ENERPARC plant in Wusseken. This enables Sunnic, as a direct marketer, to supply energy providers, as well as medium-sized and large corporate customers, with green electricity in flexible short-, medium-, and long-term contract options.
“We are very pleased to be able to further expand our successful cooperation with Sunnic. Together with our partner, we are ensuring a continuous supply of green electricity for our customers and thus supporting them on their path to climate neutrality,” says Dr. Tobias Pfingsten, who is responsible for trading at Iqony.
Iqony's trading division not only manages and markets the group's own generation facilities. Trading partners and customers can also draw on the expertise and market access of the trading experts. The trading division's range of services extends from asset management to individual trading of green PPAs and guarantees of origin.
About Sunnic Lighthouse:
Sunnic Lighthouse GmbH, based in Hamburg, is a subsidiary of ENERPARC AG. 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 systems – in addition to all other sustainable electricity sources. As of July 1, 2023, the trading portfolio comprised green electricity from around 3,400 megawatts of installed capacity, of which 1,000 megawatts came from wind power and around 2,400 megawatts from photovoltaic systems.
About Iqony:
Iqony makes green energy feasible. With more than 85 years of experience in the planning, construction, and operation of energy technology systems, the company offers comprehensive solutions for the decarbonization, decentralization, and digitization of energy supply. Iqony focuses on renewable energies and bridge technologies that can also be used in a climate-neutral way in the future. In addition to solar, wind, and geothermal energy, the portfolio also includes hydrogen solutions, storage technologies, engineering services, and gas-fired power plants. Around 2,300 employees worldwide implement projects for large industrial companies, energy suppliers, cities, and municipalities in numerous countries around the globe. Specializing in tailor-made solutions for demanding challenges, Iqony draws on its broad energy industry knowledge across all technologies and services offered.
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 in 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 producers of 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.
Press contact:
ENERPARC AG
Anke Dissel
Head of Marketing and Communications
E-Mail: a.dissel@enerparc.com
Tel: +49 40 75 66 449-471