Weitnauer again advises Maxsolar GmbH on the conclusion of a Power Purchase Agreement (PPA)

Munich The project developer and EPC service provider MaxSolar concludes third PPA within one year. This power purchase agreement is considered a new marketing instrument and regulates the sale of electricity between the generator and the consumer. The new solar park in Burhafe with 8.1 MW, whose electricity will be sold with the power purchase agreement, will be commissioned at the end of September 2020.

Weitnauer partner Dirk Voges comprehensively advised Maxsolar during the negotiations on the contractual design of the PPA with EWE Trading, the financing bank and the investor. The contract is an electricity supply agreement between EWE Trading GmbH, a local energy supplier in the north-west of Lower Saxony, and SPV PV Burhafe GmbH, the plant operator founded by MaxSolar for this purpose.

MaxSolar GmbH

The engineering service provider MaxSolar from Traunstein in Upper Bavaria is one of the few pioneers in the market testing of power purchase agreements in Germany. MaxSolar has already implemented the third PV system with a power purchase agreement. PPAs are a way to sell electricity from new or existing PV systems and are becoming increasingly important for project developers in Germany who want to operate in the market independently of the German Renewable Energy Sources Act (EEG). The power purchase agreements with a term of at least 5 years are the instrument for selling the generated electricity and serve primarily as security for financing the PV system. An awareness of ecological and social responsibility as well as long-term planning horizons also characterize the PPA contracting parties.

Advisor MaxSolar GmbH:

Weitnauer (München):

Dirk Voges, LL.M. (Renewable Energy Law and Energy Industry Law), Partner