Recurrent Energy has announced that it has signed a long-term power purchase agreement (PPA) with Qualcomm Incorporated, an AI technology provider offering intelligent computing and connectivity solutions. With this agreement, the Canadian Solar subsidiary has won a customer for the new solar PV y plant it plans to build in Spain, which is still in the development phase.

The Canadian company, which is engaged in the development, ownership and operation of solar and energy storage assets, will retain ownership and operational responsibilities for the new plant upon completion.

Employment generation
This project, for which it has not yet disclosed the specific location and capacity, will generate over 300 jobs during the construction phase, and plans to provide specialised job training to ensure stable, long-term employment opportunities for the local community.

Recurrent Energy CEO Ismael Guerrero says, “We are delighted to partner with Qualcomm through this PPA. This agreement not only reinforces Recurrent Energy's commitment to developing large-scale renewable energy solutions in Spain, but also supports Qualcomm in its mission to achieve its ambitious decarbonisation goals. This PPA exemplifies how collaboration between technological innovation and clean energy can drive a more efficient future, while promoting environmental and socio-economic progress.

50,000 MWh of renewable energy per year
Through the long-term power purchase agreement, Recurrent Energy will supply the US company with 50,000 MWh of renewable energy per year, which is equivalent to the consumption of around 15,000 homes and will avoid the emission of 8,000 tonnes of carbon dioxide equivalent each year.

The Canadian company's current projects under development in Spain include Rey I, II, III and IV, in Carmona (Seville), which will have a capacity of 420 MWp; Tordesillas, in the town of the same name in the province of Valladolid, with 300 MWp of installed capacity; and Villameca, in Quintana del Castillo (León), with 200MWp; all of them solar energy.

^{Photo: Recurrent Energy}