Client: BayWa r.e.
Project name: Identification of off-takers for a potential PPP in Spain
Brief description: BayWa was looking for a buyer for the energy generated by a large PV park located in southern Spain. The park had an installed capacity of 167 MWp, which implies an estimated annual generation of 250 GWh per year. BayWa needed an off-taker to get the financing to build the facility but they did not count with the necessary network of contacts or enough knowledge of Spanish regulation to identify the potential off-takers.
In just 3 weeks Creara spoke to 11 marketers and 37 large consumers of sufficient size to be able to absorb the production.
Results achieved: : The result was a short list of 9 potential off-takers with whom BayWa entered into final negotiations. BayWa ended up signing a 15-year PPA at an undisclosed price in record time thanks to the services of Creara.