Spanish energy sourcing platform Fortia Energia has signed a 10-year power purchase agreement (PPA) with Norwegian renewables firm Statkraft for power supply to large industrial customers in Spain and Portugal, mainly from Statkraft's wind and solar portfolio.
In total, Statkraft will supply 3,000GWh of electricity to Fortia during the duration of the contract. Fortia manages electricity supply for large companies in the steel, cement, metallurgy, chemical, paper and industrial gases sectors in the Iberian market. Fortia has been operating in the wholesale markets for more than a decade, with average annual sales of 11TWh, and it is said to be the largest independent supplier in the Iberian Electricity Market.
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Statkraft's Spanish portfolio mainly includes new wind and solar projects that are 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, MD at Fortia. “We very much look forward to taking that next step in the energy transition together with our customers.”
Statkraft has closed several PPA's for both, fully merchant projects as well as projects from the Spanish auctions.
Stefan-Jorg Gobel, SVP Wind and Solar at Statkraft, will be speaking at Large Scale Solar Europe on 26-27 March is Lisbon.