Solaria agrees major Spanish solar power supply deal with Shell
Shell Energy Europe B.V. (Shell) and Solaria, a leading Spanish solar photovoltaic power producer, have signed a major long-term power purchase agreement (PPA) for solar plants in Spain.
The electricity will be supplied from six solar projects that will have a combined installed capacity of 300 megawatts and produce around 570 gigawatt hours of electricity per year. That is equivalent to the power consumption of more than 150,000 Spanish homes.
The projects will be connected to the grid progressively through 2021. The duration of the agreement is 10 years, with power deliveries starting upon commissioning of the facilities.
鈥淭his solar power purchase agreement will enable us to supply more clean power to our customers, while also helping to support the continued growth of renewable power in Spain,鈥 Rupen Tanna, General Manager for Power at Shell Energy Europe, said.
Dar铆o L贸pez, Chief Operating Officer of Solaria, said: "It is an honour to start working with Shell, one of Europe鈥檚 leading energy companies, and we welcome the confidence they have shown in Solaria. This is one more step towards our goal of becoming a benchmark in the solar sector in Europe."
Enquiries:
Investor Relations
International: +31 70 377 4540
North America: +1 832 337 2034
Media Relations
International: +44 207 934 5550
US & Brazil: +1 832 337 4355
About Shell Energy Europe B.V.
Shell Energy Europe B.V. provides business customers with innovative, reliable and cleaner energy solutions, helping them meet their energy needs and navigate through the energy transition. Through our portfolio of gas, power and environmental products, we offtake, trade, supply and enable our customers to get the most from their energy assets.
For more information about Shell Energy Europe click here
For more information about how Shell is working to deliver cleaner power in the 麻豆传媒 click
About Solaria:
Solaria is the leading PV development and power generation company in southern Europe, targeting 6.2 GW of installed capacity by the end of 2025.
Solaria has historically covered the entire solar energy value chain from wafer production to solar parks management. In recent years, Solaria鈥檚 business model has evolved, focusing exclusively in the activities of the solar energy value chain offering the higher margins and return for its shareholders, leveraging the experience of the company in the solar business. It has also evolved from being an industrial group to a power generation company.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this media release, 鈥淪hell鈥, 鈥淪hell Group鈥 and 鈥淩oyal Dutch Shell鈥 are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words 鈥渨e鈥, 鈥渦s鈥 and 鈥渙ur鈥 are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. 鈥樷楽ubsidiaries鈥欌, 鈥淪hell subsidiaries鈥 and 鈥淪hell companies鈥 as used in this media release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as 鈥渏oint ventures鈥 and 鈥渏oint operations鈥, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as 鈥渁ssociates鈥. The term 鈥淪hell interest鈥 is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This media release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management鈥檚 current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management鈥檚 expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 鈥渁im鈥, 鈥渁mbition鈥, 鈥樷榓nticipate鈥欌, 鈥樷榖elieve鈥欌, 鈥樷榗ould鈥欌, 鈥樷榚stimate鈥欌, 鈥樷榚xpect鈥欌, 鈥樷榞oals鈥欌, 鈥樷榠ntend鈥欌, 鈥樷榤ay鈥欌, 鈥樷榦bjectives鈥欌, 鈥樷榦utlook鈥欌, 鈥樷榩lan鈥欌, 鈥樷榩robably鈥欌, 鈥樷榩roject鈥欌, 鈥樷榬isks鈥欌, 鈥渟chedule鈥, 鈥樷榮eek鈥欌, 鈥樷榮hould鈥欌, 鈥樷榯arget鈥欌, 鈥樷榳ill鈥欌 and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this media release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell鈥檚 products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this media release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell鈥檚 Form 20-F for the year ended December 31, 2019 (available at www.shell.com/investor and ). These risk factors also expressly qualify all forward-looking statements contained in this media release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this media release, January 14, 2021. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this media release.
We may have used certain terms, such as resources, in this media release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website .