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Acciona signs "the largest renewable corporate PPA with physical delivery for the industry subscribed in Spain".

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    The supply will begin between 2023 and 2024, "according to the needs of the energy-intensive companies that are part of Fortia integrated into the agreement" and will be covered with 100% renewable facilities operating in Spain of Acciona Energía, which estimates that the agreement will allow consumers under the agreement to avoid the emission of about 120,000 tons of CO2. The company headed by Rafael Mateo frames this sale and purchase transaction in its strategy of "increasing the volume of new supply contracts and PPAs* in the medium and long term to corporate customers, as old assets end their regulatory useful life". Acciona Energía explains that this strategy allows it to maintain "a low-risk profile similar to that of recent years, with around 80% of contracted production".

    Javier Montes, Commercial Director of Acciona Energía: "with these long-term PPAs we reaffirm Acciona Energía's commitment to the country's large industry, accompanying our customers on their path to decarbonization through a renewable and competitive energy supply that will help them stabilize their energy supply costs in these times of enormous volatility".

    Juan Temboury, CEO of Fortia: "With the signing of this agreement, Fortia contributes to the decarbonization and sustainability of Spanish industry, while maximizing the security and competitiveness of its energy supply by facilitating its access to indigenous sources of renewable energy at a time of great uncertainty for European industry and the European economy".

    What is Fortia

    The origin of Fortia dates back to September 2007, when a group of large consumers with an industrial profile promoted the launch of the trading company Fortia Energía "to independently face the liberalization of the electricity sector and, therefore, the elimination of the industrial electricity tariffs set until then by the General State Administration".

    On July 1, 2008, Fortia made the first energy matching on the OMIE market to supply its partners and since then has been operating in a competitive supply of its customers working directly with the wholesale markets.

    AEGE, the Spanish association of energy-intensive companies, currently comprises the 27 leading industrial basic materials companies in key sectors such as metallurgy, chemicals, steel and industrial gases.

    With 75 industrial plants spread throughout Spain, the electricity consumption of AEGE's associates, accounted in 2021, according to data provided by the association, for 9.5% of the annual peninsular electricity demand.

    The companies associated in AEGE account for more than 20,000 million euros of turnover, more than 186,000 jobs (66,000 direct).

    The following companies are members of AEGE: Linde, Acerinox, Air Liquide, Alcoa, Aludium, ArcelorMittal, Asturiana de Zinc (Glencore), Atlantic Copper, Carburo del Cinca, Deretil, Elnosa (Electroquímica del Noroeste), Ercros, Grupo Ferro Atlántica, GrafTech International, Celsa Group, Grupo Gallardo Balboa (which is a group from Extremadura), Infun Group, Inovyn (Ineos), Megasa, Messer, Praxair, Showa Denko Group, Sidenor, Siderúrgica Sevillana (Alcalá de Guadaira), Carburos Metálicos and Tubos Reunidos.

    Fortia's Board of Directors includes representatives from Alcoa, ArcelorMittal, Atlantic Copper, Ercros, Ferroatlántico, Grupo Gallardo Balboa, Megasa, Nippon Gases España, Showa Denko Carbon, Siderúrgica Sevillana.

    Acciona Energía boasts of being "the largest 100% renewable energy company with no fossil legacy in the world". It claims 11,200 megawatts of renewable generation capacity (wind, solar, hydro, biomass) and commercial operations in 20 countries. Acciona SA is a reference shareholder of Acciona Energía.

    *PPA, power purchase agreement: long-term bilateral power purchase agreement.


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