Important moment for the renewable energy market in Spain: MET Energía España, subsidiary of the Swiss company MET Group, has signed two PPA (Power Purchase Agreements). Under these contracts, MET Energía España will purchase electricity produced by a solar plant owned by Prosolia Energy to supply 100% green energy to Atlantic Copper, the world’s second largest copper producer, through independent trader Fortia Energía.
The deal involves several companies, in two distinct phases. In the first phase, MET Energía España reached an agreement with Prosolia Energy, the European leader in renewable energy production, to purchase the electricity produced by the 23 MWp Sant Jordi photovoltaic plant, located in Castellón, the largest in the Community Valencian, for a period of 10 years.
In a second step, MET Energía España agreed with Atlantic Copper and Fortia Energía to supply the copper producer with the green electricity produced by the Sant Jordi photovoltaic plant. Fortia Energía is an independent trader, leader in the Iberian market and one of the main energy suppliers to large industrial consumers in Spain and Portugal. The PPA agreement signed between the parties also includes a 100% guarantee of origin certificate, which highlights the sustainability of the electricity supplied.
“One of MET’s strengths at the moment in the European energy markets is the ability to structure innovative long-term solutions in a transparent manner, generating value for both renewable energy producers and large industrial customers. The two agreements promote new formulas for the decarbonisation of Spanish industry”, said Alberto Pérez, Power Director of MET Energía España.
“Through this strategic agreement, we strengthen our position as an Independent Energy Producer and reiterate our commitment to contribute to the decarbonization of energy and the sustainability of the European industrial environment. Our collaboration with MET allows us to offer industrial customers green electricity from our assets in a bandwidth profile adapted to their consumption needs,” added Javier Martínez, CEO of Prosolia Energy.
“This new green power supply agreement, the fifth in a portfolio we started six years ago and now represents 38% of our electricity purchases, is part of our decarbonisation strategy and commitment towards the use of renewable energies to guarantee a secure, competitive and clean supply,” said Esther Alonso, General Manager of Energy Transition and Sustainability at Atlantic Copper.