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Home - Policy - Woodburn Capital and Magna Exteriors sign 15-year PPA for solar energy in the Czech Republic – SPE
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Woodburn Capital and Magna Exteriors sign 15-year PPA for solar energy in the Czech Republic – SPE

solarenergyBy solarenergyJuly 13, 2024No Comments2 Mins Read
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Magna Exteriors and Woodburn Capital Partners have signed a 15-year solar power purchase agreement (PPA) in the Czech Republic. The agreement covers energy generated on site at a 2.4 MW solar power plant at Magna Exteriors’ site in the northwest of the country.

July 12, 2024 Valerie Thompson

Image: Magna International

Magna Exteriors (Bohemia), the Czech division of Canadian automotive company Magna International, has signed a 15-year PPA with Czech renewable energy developer Woodburn Capital Partners.

The contract is based on a 2.4 MW rooftop PV installation at a Magna Exteriors factory in Liberec. The installation of the CZK 52 million ($2.22 million) PV project will be outsourced by Woltair, a Czech solar and heat pump specialist, and work will begin in September 2024.

It is the first of several PPAs that Woodburn Capital Partners expects to complete by the end of 2025, according to Lucie Kopečková, the firm’s head of PPA projects.

“We are actively looking to introduce PPAs to customers across the region, including Bosnia and Herzegovina and Croatia,” Kopečková said in a press release. “Our PPAs will be structured around on-site and off-site renewable energy production in the countries where we have a presence, whether rooftop or ground-based plants.”

The PV installation is expected to account for 8% of the factory’s annual consumption. For Magna Exteriors (Bohemia) it is a step towards achieving the commitment to use 100% renewable energy in Europe by 2025 and globally by 2030, according to the company’s technical director Tomáš Radosta.

According to Daniel Helcl, the founder of Woltair, it is the first collaboration between Woodburn Capital Partners and Woltair.

See also  What are the selling points of marine energy? – SPE

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