Fortia Energia, the Spanish energy sourcing platform for large industrial consumers, and Norwegian Statkraft, a leading producer of renewable energy and market access provider in Europe, signed the first long-term power purchase agreement (PPA) for large industrial customers in Spain, the companies announced Monday.
According to the statement, Statkraft will, for a period of ten years, supply 3,000 gigawatt/hours of electricity to Fortia which manages the power supply of large industrial companies in the steel, cement, metallurgy, chemical, paper and industrial gases sectors in the Iberian market.
The energy will be sourced from Statkraft's Spanish portfolio which primarily consists of new wind and solar projects currently under construction.
'With the signing of this agreement, Fortia contributes to the development of renewable energy projects, while ensuring long-term supply for the energy intensive industry at competitive and predictable prices,' said Juan Temboury, managing director at Fortia.
'We very much look forward to taking that next step in the energy transition together with our customers,' he added.
According to the press release, Statkraft has closed several PPAs for both fully merchant projects as well as projects that were granted permission or won the tender in the recent Spanish auctions.
'After having made an essential contribution to the development of the Spanish PPA market during last year, we are very excited to supply this electricity to the Iberian industrial market,' said Hallvard Granheim, executive vice president of Markets and IT at Statkraft.
'This contract underlines our leading position in the European PPA market and our commitment to powering major industrial companies across Europe with renewable energy,' he added.
According to the statement, Fortia is the largest independent supplier in the Iberian electricity market with annual sales of 11 terawatt-hours on average.
With a portfolio of around 16,000 megawatts, Statkraft is one of the largest managers of renewable assets on behalf of third parties in Europe. It is owned by the Norwegian government.
By Hale Turkes
Anadolu Agency
energy@aa.com.tr