Elawan Solar Spain PPA Secured with Sandoz
Elawan Energy has signed a long-term Power Purchase Agreement (PPA) with the global pharmaceutical company Sandoz for the 150MW La Zarzuela Solar PV project in Spain. This project, currently under development, is expected to commence commercial operations by mid-2025. This agreement aligns with Sandoz’s ambitious goal of achieving 100% renewable electricity across its global operations by 2026. The PPA will cover a significant portion of the energy generated by La Zarzuela, contributing substantially to Sandoz’s sustainability targets. This development comes as Spain continues to experience significant growth in its solar sector, including a notable expansion of self-consumption PV installations, reaching 1.4GW in 2024, as reported by PVKnowhow.
Elawan Expands Spain Solar Portfolio with New PPA
Elawan Energy is a leading renewable energy company dedicated to providing clean energy solutions. With a proven track record of developing, building, and operating over 2.3 GW of renewable energy projects worldwide, Elawan is actively expanding its global portfolio. This includes 1.3 GW of wind, solar, and hydro projects currently under construction or in advanced development stages. The La Zarzuela project reflects Elawan’s commitment to supporting the global transition to sustainable energy. This partnership with Sandoz exemplifies this commitment and reinforces Spain’s growing importance in the European solar market, particularly with recent investments like the โฌ210 million allocated to boost PV production and job creation, as highlighted by PVKnowhow. Furthermore, initiatives like the planned 820 MW of energy storage projects for Q4 2024, focusing on hybridizing solar and wind installations, further underscore Spain’s commitment to a sustainable energy future, as reported by PVKnowhow. You can explore more about the Spanish solar panel manufacturing landscape through PVKnowhow’s market analysis and insights.
