Magna Exteriors and Woodburn Capital Partners have signed a 15-year solar power purchase agreement (PPA) in the Czech Republic. The agreement covers power generated on-site at a 2.4 MW solar power plant located at Magna Exteriors’ headquarters in the northwestern part of the country.

Photo: Magna International

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

The agreement is based on a 2.4 MW photovoltaic installation on the roof of the Magna Exteriors factory in Liberec. The installation of the CZK 52 million (USD 2.22 million) photovoltaic project is subcontracted by Woltair, a Czech specialist in solar energy and heat pumps, and its operations will start in September 2024.

According to Lucie Kopečková, the company’s director of PPA projects, this is the first of several PPAs that Woodburn Capital Partners expects to close by the end of 2025.

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

The photovoltaic power plant is expected to provide 8% of the plant’s annual consumption. For Magna Exteriors (Bohemia), this is a step towards fulfilling its 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, founder of Woltair, this is the first collaboration between Woodburn Capital Partners and Woltair.

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