Qualitas seals long-term PPA for 494-MWp Spanish solar park

Spanish renewables investor Qualitas Energy has signed a 10-year power purchase agreement (PPA) for the 494-MWp Mula solar park in Spain’s Murcia region.

The contract calls for the plant’s output to be sold to an unnamed "IG global energy leader", Madrid-based Qualitas Energy said on Thursday.

The Mula photovoltaic (PV) farm, one of the largest in Europe, has been generating electricity since 2019. Canada’s Northleaf Capital Partners acquired the project from developer Cobra Concesiones in 2018. According to the latest statement, Northleaf-managed funds and Qualitas Energy are currently co-investors in the plant.

“With this agreement, Qualitas Energy positions itself as one of the relevant players in the PPA market at a European level and demonstrates our capacity to optimize our portfolio in all the markets in which we are present,” said Carlos Gutierrez, portfolio manager of Qualitas Energy.

The Spanish firm noted it is reviewing options for more PPAs in all markets it is present, including Germany, Italy, the UK, and Poland.

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