The ten-year contract demonstrates the important role of PPAs in the expansion of renewable energies in Germany, and also Europe in general. Construction of the 11-megawatt Klatzow solar park near Neubrandenburg is already underway, with commissioning planned for spring 2022. While Axpo has been active in the renewable energy PPA business throughout Europe for more than 15 years and has already concluded several similar contracts in Germany, the PPA signing marks the entry of project developer Obton A/S to the PPA business in Germany. Financing was provided by Deutsche Anlagen- Leasing GmbH & Co. KG (DAL).
See also: Solar PPA in Nigeria
The Klatzow solar park was awarded by Germany’s Federal Network Agency in the EEG (Renewable Energies Act) "innovation tender". These projects receive a fixed market premium in addition to their spot revenues. The latter can be fixated through a long-term PPA. The Klatzow solar park project revenues will come mainly from the PPA, which will run for ten years. The currently attractive price level for long-term PPAs ensures robust profitability. This innovative model is being financed by Deutsche Leasing Finance GmbH with the involvement of funds from the German Development Bank (KfW). (mfo)
