Several companies are involved in the deal in two different phases. First, MET Energía España signed a 10-year PPA contract (Power Purchase Agreement) with Prosolia Energy to purchase the electricity generated by the Sant Jordi solar park in Castellón. The PV plant in the Valencia region has an installed capacity of 23 MW.
In a second step, MET Energía España signed an agreement with Atlantic Copper and Fortia Energía to supply the copper producer with the electricity generated by the Sant Jordi photovoltaic plant. Fortia Energía is an independent trader on the Iberian Peninsula and is one of the most important energy suppliers for large industrial customers in Spain and Portugal. The PPA signed between the parties also includes a 100% certificate of origin for all electricity.
Also see: Spain - Covestro and bp conclude solar PPA
Alberto Pérez, Power Director of MET Energía España: “One of MET's strengths in the European electricity markets is its ability to structure innovative solutions in a transparent way over the long term, creating added value for both renewable energy producers and large industrial customers. These two PPAs provide new options for the decarbonization of the Spanish industry.“
Atlantic Copper
Javier Martínez, CEO of Prosolia Energy: “With this strategic agreement, we consolidate our position as an independent power producer and strengthen our commitment to continue contributing to the decarbonization of the energy supply and to greater sustainability in European industry. Our collaboration with MET enables us to offer industrial customers green electricity from our plants in a baseload form adapted to their consumption needs.“
Solar PPAs cover 38% of electricity purchases of Atlantic Copper
Esther Alonso, General Manager of Energy Transition and Sustainability at Atlantic Copper: “This contract is the fifth in our portfolio, which we started six years ago and which now accounts for 38% of our electricity purchases. It is an important pillar of our decarbonization strategy and our commitment to the use of renewable energy to ensure a secure, competitive and clean supply.“
Also interesting: Spain - Solar PPA of Apple and IB Vogt
Juan Temboury, CEO of Fortia: “Under this agreement, Fortia Energía provides Atlantic Copper with a long-term, fully renewable and reliable energy supply at a competitive price. This agreement demonstrates once again the commitment of big industry to the energy transition and its essential role in the transformation of the economy." (hcn)
