FORTIA ENERGIA and Statkraft sign first long-term PPA for large industrial consumers in Spain

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FORTIA ENERGIA and Statkraft sign first long-term PPA for large industrial consumers in Spain

By District Energy posted 01-21-2019 00:00

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GlobeNewswire, Nasdaq

Summary

Madrid/Düsseldorf, 21 January 2019. FORTIA ENERGIA, the Spanish energy sourcing platform for large industrial consumers, and Statkraft, the largest producer of renewable energy and leading market access provider in Europe, have signed the first long-term power purchase agreement for large industrial customers in Spain and Portugal.

For a period of ten years Statkraft will supply 3000 GWh electricity to FORTIA, that manages the power supply of large industrial companies in the steel, cement, metallurgy, chemical, paper and industrial gases sectors in the Iberian market. The energy will be sourced from Statkraft's Spanish portfolio which primarily consists of new wind and solar projects currently 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," says Juan Temboury, Managing Director at FORTIA. "We very much look forward to taking that next step in the energy transition together with our customers."