Woodburn Capital Partners inks PPA with automotive company Magna

Automotive company Magna has signed its first-ever power purchase agreement (PPA) with Woodburn Capital Partners for a 2.4 MW photovoltaic array in the Czech Republic. Woodburn is actively expanding its solar projects in Croatia and Bosnia and Herzegovina with a focus on long-term PPAs. They have emphasized the benefits of PPAs for customers, such as avoiding capital investments and ensuring stable long-term electricity costs. Woodburn has already invested in biomass and solar projects and is planning a significant solar power plant in Bosnia and Herzegovina with a battery energy storage system.

Source: BEN