Acciona Energia signs renewables PPA with Sofidel in Spain

Spanish renewable energy producer Acciona Energia (BME:ANE) said that it has signed a ten-year power purchase agreement (PPA) to supply its electricity to Italian tissue paper producer Sofidel in Spain.

The PPA covers the supply of 90 GWh per year to Sofidel’s factory in the Spanish region of Navarre.

The agreement is not tied to any specific plant or project. Acciona Energia will supply electricity from a mix of renewables it operates in Spain. Guarantees of origin issued by Spain’s markets and competition regulator CNMC will certify that the contracted electricity comes from a renewable source.

Sofidel will also have access to Acciona Energia’s proprietary blockchain app that traces every supplied megawatt to its renewable source, the power producer said.

“In line with its path toward a low-carbon economy, Sofidel is pursuing a multi-option energy procurement policy, linked to the different legislative, infrastructural and environmental contexts in which it operates,” Riccardo Balducci, Sofidel Energy & Environment Director, said in the press release.

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