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Home - Finance - X-elio Signs 20-Year PPA with Amazon for 14 MW Solar in Japan-PV Magazine International
Finance

X-elio Signs 20-Year PPA with Amazon for 14 MW Solar in Japan-PV Magazine International

solarenergyBy solarenergyJanuary 30, 2025No Comments2 Mins Read
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The X-Elio of Spain has signed a 20-year Power Purchase Agreement (PPA) with Amazon for the entire output of its 14 MW Funaki Solar factory in Japan, which is expected to generate 18,686 MWh per year in mid-2025.

January 29, 2025
Brian Publicover

X-Elio has signed a 20-year-old PPA with Amazon for the entire output of its 14 MW Funaki Solar factory in the Yamaguchi prefecture of Japan.

The installation, currently under construction, is expected to be online in mid -2025. It will generate 18,686 MWh per year after completion.

The deal supports the dedication of Amazon to reach the net-no-carbon emissions by 2040 in the context of the climate promise, according to an e-mail statement by Madrid-based X-Eio. The renewable energy developer from Brookfield has built 379 MW in Japan and is now working on 160 MW Zonnne and 224 MW battery storage projects.

“This agreement is an example of how the growing demand of energy in sectors such as Cloud Computing and Digitization can join the global renewable transition,” said Mirko Molinari, Chief Commercial Officer of X-Elio.

Luis PereeZagua, the Land Manager of the Japan company, said that X-Elio is committed to supporting the Japanese Net-Zero target white by 2050.

In October 2024, X-Eio announced plans to add a 148 MW battery system to its blue grass solar farm in Queensland, with which the first was marked Hybrid solar senorage project In Australia. The installation is expanded in two phases, where the first 60 MW battery system is completed at the end of 2025 and the remaining 88 MW in 2026.

See also  Slovenia assigns € 16 million to Solar Energy Communities - PV Magazine International

And earlier this month, X-Elio submitted an application to the Australian government for approval to develop one 720 MW Solar and Battery Energy Storage Project In the state of Queensland. The proposed project is intended to improve the stability of the grid as the generation of fossil fuels decreases.

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