{"id":7831,"date":"2023-12-08T09:00:00","date_gmt":"2023-12-08T09:00:00","guid":{"rendered":"https:\/\/soltechenergy.com\/mfn_news\/axpo-egmont-and-soltech-energy-solutions-sign-power-purchase-agreement-for-new-solar-plant-in-sweden\/"},"modified":"2024-05-08T10:43:46","modified_gmt":"2024-05-08T08:43:46","slug":"axpo-egmont-and-soltech-energy-solutions-sign-power-purchase-agreement-for-new-solar-plant-in-sweden","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/axpo-egmont-and-soltech-energy-solutions-sign-power-purchase-agreement-for-new-solar-plant-in-sweden\/","title":{"rendered":"Axpo, Egmont, and Soltech Energy Solutions sign Power Purchase Agreement for new solar plant in Sweden"},"content":{"rendered":"
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The construction of a new solar park in southern Sweden is the result of a unique collaboration between energy company Axpo, media group Egmont, and solar energy company Soltech Energy Solutions. The solar park will be constructed by Soltech Energy Solutions and Axpo will manage the project\u2019s long-term risks and the supply of solar power to the grid. The solar energy will then be traded through a power purchase agreement (PPA) and cover half of Egmont\u2019s electricity consumption in Sweden and Norway with renewable electricity.<\/strong><\/p>\n<\/div>\n

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COPENHAGEN\/STOCKHOLM, 8\/12 \u2013 Axpo has facilitated a long-term transaction of renewable electricity produced by Soltech Energy Solutions and sold to the Egmont media group. In collaboration the parties have signed a seven-year corporate power purchase agreement for the construction of an 11 MW solar park, developed by Soltech Energy Solutions. The solar park is planned to be operational in the summer of 2024 and will be located in southern Sweden, near Falkenberg.<\/p>\n

The installation will annually add around 11 GWh of renewable electricity to the grid, which corresponds to the average consumption of approximately 1,200 Nordic households*. Egmont is the sole purchaser of the renewable electricity, and it will cover 50% of Egmont\u2019s electricity consumption in Sweden and Norway. Egmont has previously\u00a0entered a PPA for\u00a0a Danish solar park that\u00a0started operations mid-2023 and will cover\u00a0more than 90% of Egmont\u2019s electricity consumption in Denmark.<\/p>\n

\u201cWhen we set our goal of 100% green electricity from 2022, we also wanted to work towards a renewable electricity supply that can make a difference to the energy sector, and to use our size as a group to realize it. This ambition has led us to the unique and exciting collaboration with Axpo and Soltech Energy Solutions. We are proud to be a leader in the media industry when making this type of investments in renewable energy. This agreement is an important part of our \u2018Go Greener\u2019 journey,\u201d says Rapha\u00eblle Stewart, Sustainability Manager at Egmont.<\/p>\n

Axpo Sverige AB Senior Originator David Eickhoff adds: \u201cCollaboration is key to the energy transition and we\u2019re very happy to announce this success story during a challenging time for the energy markets. Soltech Energy Solution\u2019s green power generation, Egmont\u2019s commitment to a green electricity procurement, and Axpo\u2019s solutions for hedging and trading of energy were all equally important to this deal. By using our expertise and long experience in PPAs we were able to structure the deal to fit the needs of all parties involved.\u201d<\/p>\n

\u201cSoltech Energy Solutions is proud to construct this solar park that will contribute to the green transition in Sweden and Norway. The joint project with Egmont and Axpo, both with high sustainability ambitions, feels truly rewarding. Collaborations such as this one serve as a good example for substantial and crucial investments in large-scale solar installations,\u201d says Fredrik A Svensson, Director Utility PV, Soltech Energy Solutions.<\/p>\n

Facts<\/strong><\/p>\n