Statkraft signs PPA for 210 MW solar projects in Portugal

Statkraft has signed a power purchase agreement (PPA) with NextEnergy Capital’s photovoltaic fund NextPower III ESG in Portugal. The green energy will be obtained from three photovoltaic solar plants that are presently under building and have an installed capacity of 210 MW. The three solar farms, which are held by NextPower III ESG, are situated in the municipalities of Cartaxo, Casal do Paul, and Encarnado in the Santarém district. Once operational, the three renewable energy facilities will be able to produce 341 GWh of clean electricity yearly, sufficient to meet the annual power requirements of 98,000 homes in the region.

In January 2023, Statkraft agreed to build 2.2 GW of offshore wind power in Ireland with Copenhagen Infrastructure Partners’ (Cip) Copenhagen Infrastructure IV K/S (CI IV) fund. At the Bore Array and the North Irish Sea Array (Nisa), the projects would be constructed over the period of three phases. By 2030, they would require a total investment of more than $4.3 billion from Statkraft and CIP.