Statkraft signs renewable energy PPA for large industrial consumers in Iberia

Spanish energy sourcing platform Fortia Energia has signed a 10-year power purchase agreement (PPA) with Norwegian renewables firm Statkraft for power supply to large industrial customers in Spain and Portugal, mainly from Statkraft's wind and solar portfolio.In total, Statkraft will supply 3,000GWh of electricity to Fortia during the duration of the contract. Fortia manages electricity supply for large companies in the steel, cement, metallurgy, chemical, paper and industrial gases sectors in the Iberian market. Fortia has been operating in the wholesale markets for more than a decade, with average annual sales of 11TWh, and it is said to be the largest independent supplier in the Iberian Electricity Market.