EDP Renováveis, S.A. has signed a Virtual Power Purchase Agreement (PPA) with global fashion retailer Inditex involving two wind projects with a total combined capacity of 54 MW in Galicia, Spain. The projects are expected to enter operation by 2025 and 2026, and further scaling up would be linked to environmental approvals.
This move represents EDP's growth strategy based on developing competitive projects with long-term visibility that foster the acceleration of the energy transition and the decarbonization of the economy.
Since the agreement is virtual, the agreement allows Inditex to minimize its exposure to market volatility and improve the sustainability of its supply chain. The PPA will also have a positive impact on Spain's long-term energy security while increasing the share of renewable energy in its energy mix.
Country updates
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April 26, 2023
Sonnedix signs 12-year PPA for 36 MW Fraile solar farm in Ciudad Real
Sonnedix has signed a 12-year power purchase agreement (PPA) with Sidenor Aceros Especiales, a producer of long steel products, for the clean energy produced from the 36 MW Fraile solar phot...
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X-Elio secures financial close for three solar projects in Extremadura
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Iberdrola plans to build wind and solar complex in Burgos
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April 17, 2023
Greenalia secures permit to develop 27 MW wind project in Galicia
Greenalia has secured the administrative authorization for the construction of the 27 MW O Cerqueiral wind project in Galicia, northwest Spain. The wind farm will consist of six wind turbines, each wi...
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