Statkraft signs renewable energy PPA for large industrial consumers in Iberia

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Statkraft's Spanish portfolio mainly includes new wind and solar projects that are under construction. Credit: Statkraft

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.

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.

Read Next

July 26, 2021
Oil and gas giant Eni has acquired 1.2GW of Spanish renewables from Madrid-based European private equity manager Azora.
July 19, 2021
Merchant solar and projects backed by power purchase agreements (PPAs) drove ground-mounted PV deployment in Spain last year, as the country installed its second-highest yearly amount of 2.8GWp, new figures from trade association UNEF reveal.
July 7, 2021
SmartestEnergy Australia has signed a PPA with Providence Asset Group, to deliver 500GWh of solar power into the national electricity market.
PV Tech Premium
July 7, 2021
Floating solar may be more commonly associated with Asia’s solar market, however the asset class is proving itself to be of significant potential throughout Europe, as evidenced by projects in the Netherlands, Germany and the UK. Exclusive to PV Tech Premium subscribers, we brought together industry stakeholders to discuss the size of the FPV opportunity.
July 6, 2021
A round-up of the latest solar financing news, featuring Repsol’s move into the US renewables market, Aquila’s latest acquisition in Portugal and VivoPower taking full control of its US PV development portfolio.
July 5, 2021
Shares in the renewables division of Spanish utility Acciona were up 7.3% on their initial public offering (IPO) price during their maiden day of trading on 1 July.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021