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 percent guarantee of origin certificate that evidences the sustainable origin of the electricity supplied.
“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” said Alberto Pérez, Power Director of MET Energía España said. “The two agreements promote new formulas for the decarbonisation of the Spanish industry.”
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