Sonnedix announces the signing of a 10-year Solar Power Purchase Agreement (SPPA) with Equinix in Spain.
Three solar photovoltaic plants
This PPA represents a significant milestone for Sonnedix, as it is the largest transaction signed to date in Europe, and the first time the company has established a long-term relationship with a global leader in digital infrastructure. The transaction involves three solar photovoltaic plants in Cuenca, in the Castilla-La Mancha region, with a total capacity of 150 MWp, which should be operational by the end of 2024.
During the 10-year term of the PPA, the solar photovoltaic plants will produce 240,000 MWh of green electricity and guarantee of origin certificates each year. This is equivalent to the energy needed to power more than 71,000 Spanish homes and avoid emissions of more than 36,000 tons of CO2 per year.
Two experienced companies
Sonnedix has a total capacity of over 9.4 GW worldwide, including a development pipeline of over 6 GW, of which 1.32 GW is in Spain alone. For more than a decade, Sonnedix has been committed to helping Spain achieve its renewable energy goals and contribute to becoming one of the leaders in the energy transition in Europe. Watson Farley Williams advised Sonnedix in this transaction as legal counsel.
Equinix is a digital infrastructure company that operates more than 240 data centers in 32 countries. The company gives organizations access to all the right places, partners and opportunities to grow with agility, accelerate digital service launches, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
