#Spain #Canadian Solar #Recurrent Energy #Tordesillas #Valladolid

Recurrent Energy Partners with Major Tech Company

Recurrent Energy, a key player in the solar energy sector and a subsidiary of Canadian Solar Inc., has made headlines with its recent signing of a Power Purchase Agreement (PPA) with a leading technology firm based in the United States. This decade-long agreement marks a significant step in the renewable energy landscape, highlighting both companies' commitment to sustainable practices.

Details of the Agreement

The PPA encompasses a substantial 300 Megawatts (MW) of renewable energy produced from the Tordesillas solar photovoltaic (PV) project, located in Valladolid, within the Castilla y León region of northwestern Spain. This solar project is anticipated to commence operations by 2026, contributing significantly to Spain's goal of increasing its renewable energy generation. Under the terms of the deal, the tech company will procure energy for its operations, which reflects a growing trend among corporations seeking to lower their carbon footprints.

Ismael Guerrero, the CEO of Recurrent Energy, expressed enthusiasm about the partnership, stating, "We are very pleased to continue to support leading technology companies in their commitments to achieve net zero carbon emissions. The trust placed in us reflects Recurrent Energy's proven expertise in executing large-scale projects for major global customers. This PPA demonstrates both companies' dedication to combating climate change through cost-competitive renewable energy investments."

Strengthening Renewable Energy in Spain

The Tordesillas project is expected to generate around 620 gigawatt-hours (GWh) of electricity annually, which is sufficient to power approximately 188,000 homes. This initiative not only enhances Spain's position as a leader in renewable energy but also plays a crucial role in meeting the nation's decarbonization targets. By helping to avoid about 161,000 tons of CO2 equivalent emissions each year, the project is a positive step toward a greener future.

Spain has become increasingly recognized for its advancements in renewable energy technologies. The country's efforts have positioned it well on the global stage, and initiatives like the Tordesillas project are central to the ongoing push for increased reliance on renewable resources.

A Growing Portfolio of Renewables

Recurrent Energy is dedicated to expanding its array of solar and energy storage projects across the globe. In Spain alone, the company is developing more than 2 gigawatts (GW) of solar projects and has plans for an additional 60 megawatt-hours (MWh) of battery energy storage. This expansion underlines the company's commitment to renewable energies and its strategy to cater to the growing global demand for clean power.

About Recurrent Energy

Established as one of the world's leading firms in the renewable energy domain, Recurrent Energy focuses on utility-scale solar and energy storage project development. Their global expertise has enabled them to successfully deploy formidable projects worldwide. To date, the company has developed, built, and connected approximately 11 GW of solar projects and 3.7 GWh of energy storage capacities across six continents, with an extensive project pipeline exceeding 26 GW in solar and 66 GWh in battery storage.

Recurrent Energy is a vital part of Canadian Solar Inc., a significant manufacturer of solar photovoltaic modules and a developer of solar projects globally. As the world seeks out sustainable energy solutions, partnerships such as the one between Recurrent Energy and the U.S. tech company play an essential role in advancing these initiatives toward achieving net-zero goals.

Conclusion

The recent PPA signed by Recurrent Energy not only signifies a major milestone for the company but also reflects the broader shift towards renewable energy by corporate giants. As businesses worldwide strive for sustainability and reduced carbon emissions, such collaborations will likely pave the way for a greener energy future.