Deals Counterparts

Solaria and Merlin Properties Sign Hybrid Solar-BESS PPA for Second Madrid Data Centre (426 MW Solar, 600 MWh Storage)

Ppa SolarStorageHybridData Center signed Madrid, Community of Madrid, Spain Feb 26, 2026
426 MW
Capacity
development
Stage
Merlin Properties Second Data Centre Energy Supply
Project

Solaria Energía y Medio Ambiente has signed its second strategic agreement with Merlin Properties to supply energy to Merlin's data centres in the Community of Madrid. The deal encompasses a 40-year power purchase agreement (PPA) for 426 MW of photovoltaic generation and a 10-year contract for 600 MWh of battery energy storage systems (BESS). This innovative hybrid PPA, a first in the Spanish market, integrates renewable generation and storage to provide firm, flexible, and stable power, addressing the growing electricity demand from digitalisation and AI. Solaria will also develop the associated electrical infrastructure, including access and connection for 213 MW of power, reinforcing its strategy as an integrated energy and digital infrastructure operator.

Get daily solar deal alerts — free, no spam.

Sign up free to access full counterpart details, deal analysis, and timeline.

Sign up free →

Deal Analysis

Solaria Energía y Medio Ambiente has secured a landmark hybrid Power Purchase Agreement (PPA) with Merlin Properties to supply energy to its second data centre in Madrid. This 40-year PPA for 426 MW of photovoltaic generation, coupled with a 10-year contract for 600 MWh of battery energy storage systems (BESS), marks the first such integrated renewable generation and storage PPA in the Spanish market. The agreement is designed to provide firm, flexible, and stable power, directly addressing the escalating electricity demand driven by digitalization and AI. Solaria will also undertake the development of the necessary electrical infrastructure, including access and connection for 213 MW of power. This strategic deal underscores a significant trend in energy supply for large-scale industrial consumers, particularly within the rapidly expanding data centre sector. For Merlin Properties, the PPA ensures a long-term, reliable, and sustainable energy source for its critical infrastructure. For Solaria, this second strategic agreement with Merlin reinforces its stated strategy as an integrated energy and digital infrastructure operator, demonstrating its capability to deliver complex, bespoke energy solutions. The integration of BESS with solar PV is crucial for firming up intermittent renewable generation, providing the consistent power quality and availability essential for data centre operations.
  • First hybrid solar-BESS PPA in the Spanish market.
  • Long-term commitment: 40-year solar PPA, 10-year BESS contract.
  • Large scale: 426 MW solar PV and 600 MWh battery storage.
  • Addresses growing data centre energy demand with firm, flexible, and stable power.
  • Reinforces Solaria's strategy as an integrated energy and digital infrastructure operator.

Timeline

Announced
Feb 26, 2026
Signed
Feb 26, 2026
Closed

Get the full picture — timeline, source intelligence, and counterpart analysis.

Sign up free →
Track Solar deals