MET Energía España, a subsidiary of Swiss-based MET Group, has signed two power purchase agreements (PPAs). Under the agreements, MET Energía España will acquire the electricity generated by a solar power 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. Initially, MET Energía España reached an agreement with Prosolia Energy, a European leader in renewable energies, to acquire the electricity generated by the company’s 23 MWp Sant Jordi photovoltaic plant in Castellón, the largest in the Valencian Community, for a term 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 generated by the Sant Jordi photovoltaic plant. Fortia Energía is a leading independent trader in the Iberian market and one of the main energy suppliers for large industrial consumers in Spain and Portugal. The PPA signed between the parties also includes a 100% guarantee of origin certificate that evidences the sustainable origin of the electricity supplied.
Alberto Pérez, Power Director of MET Energía España, said:
“One of MET’s current strengths in the European electricity markets is the ability to structure innovative long-term solutions in a transparent manner, generating value for both renewable producers and large industrial customers. The two agreements promote new formulas for the decarbonisation of the Spanish industry.”
Javier Martínez, CEO of Prosolia Energy, commented:
“With this strategic agreement we consolidate our position as an Independent Power Producer and reinforce our commitment to continue contributing to the energy decarbonisation and environmental sustainability of the European industrial fabric. Our collaboration with MET allows us to offer industrial customers green electricity from our assets in a baseload format adapted to their consumption needs.”
Esther Alonso, General Manager of Energy Transition and Sustainability at Atlantic Copper, added:
“This new clean energy supply agreement, the fifth in a portfolio that we began six years ago and which now accounts for 38% of our electricity purchases, is part of our decarbonisation strategy and our commitment to the use of renewable energies to guarantee a secure, competitive and clean supply.”
Juan Temboury, CEO of Fortia, said:
“With the signing of this PPA, Fortia Energía provides Atlantic Copper with a long-term, fully renewable and reliable energy supply at a competitive price, once again demonstrating the real commitment of the large industry to the energy transition and its essential role in the transformation of the economy.”