September 12 (Renewables Now) - Spanish renewables company Grenergy Renovables SL (BME:GRE) said on Monday that it has signed a long-term power purchase agreement (PPA) for its 97-MWp Matarani solar farm project in Peru, securing an off-taker for some of the plant’s output.
Under the terms, Peruvian power producer Enel Generacion Peru will procure around 182 GWh of the solar farm’s production each year for 15 years. The PPA will enter into force in January 2025, Grenergy said.
The Matarani solar farm will be located in the desert of Mollendo, in the Arequipa department. According to Grenergy, it will be one of the largest solar farms in Peru, with a total power production estimated at 260 GWh annually.
Grenergy expects to commission the facility by mid-2024.
Matarani is Grenergy’s first solar project in Peru and follows a pair of operating wind farms with a combined capacity of 36.8 MW.