Important milestone for the market-based renewable energy business in Spain: MET Energía España, a subsidiary of MET Group, has signed 2 PPAs (Power Purchase Agreements). MET Energía España will acquire the electricity generated by a PV plant owned by Prosolia Energy, to supply 100% green energy to Atlantic Copper, the world’s second largest copper producer, through 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 decarbonization 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 decarbonization 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 decarbonization 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.”
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 15 countries through offices, active on 30 national gas markets, and 39 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2023, MET Group’s consolidated sales revenue amounted to EUR 24.5 billion, with a total traded volume of natural gas amounting to 88 BCM and total traded electricity of 68 TWh.
Prosolia Energy
Founded in 2003, Prosolia Energy is a vertically integrated, leading renewable energy producer. In addition to being a leading developer and installer of green energy production projects in Europe, Prosolia Energy has positioned itself as a pioneer in the renewable energy sector by pioneering innovative energy efficiency and sustainability solutions. With a strong presence in Spain, Portugal, France, Italy and Germany, Prosolia Energy focuses on industrial self-consumption projects and the generation of renewable energy for sale to the market. The company currently has a portfolio of projects under development in Europe of more than 4.5 GW.
Fortia Energía
Founded in 2007 by a group of large consumers, Fortia Energía emerged as an innovative solution for the supply of electricity to basic industry and is currently the largest independent supplier in the Iberian Electricity Market. With a model based on transparency and flexibility, it provides innovative supply solutions adapted to the requirements of large corporate customers in the industrial sector, supplying electricity to more than a hundred production centres in Spain and Portugal.