Greenalia inks PPA with Showa Denko to back 123 MW of wind projects

Spanish renewables developer Greenalia SA (BME:GRN) has secured an off-taker for some of the output generated by 123.2 MW of wind farms it plans to install in the region of Galicia, north-western Spain.

It announced on Wednesday that it has signed a power purchase agreement (PPA) with Japanese chemicals company Showa Denko K.K. (TYO:4004) to supply electricity from two wind farms to its facilities in Galicia.

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The contract will support the Orzar and Tornado wind farm projects, which are currently in permitting stages. Greenalia said that the two projects represent an investment of over EUR 100 million (USD 102m)

The Orzar wind farm will have 56 MW installed across ten turbines of 5.6 MW each. The Tornado project will make use of 12 pieces of 5.6-MW turbines to generate 67.2 MW.

The latest PPA comes after Greenalia signed one over a month ago with Alcoa Corp’s (NYSE:AA) aluminium smelting plant in the Galicia region. The renewables company says these agreements represents its show of support to Spanish and Galicia-based energy-intensive companies as they navigate the post-pandemic economic recovery and energy transition.

(EUR 1.0 = USD 1.020)