Global Infrastructure SherpaAntolin signs VPPA with BRUC for 100 GWh/year from two new solar plants in Spain
Antolin signed a long-term virtual power purchase agreement with BRUC for 100 GWh annually from two new photovoltaic plants in Spain, covering 60% of Antolin's European electricity consumption for 10 years.
Counterparts (2)
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- Antolin to cover 60% of European electricity consumption
- 100 GWh/year from two new Spanish solar plants
- BRUC's 8.5 GW portfolio backed by USS and OPTrust
- 10-year virtual PPA term
Source Intelligence
The supply is expected to cover around 60% of Antolin’s electricity consumption in Europe. The plants will provide renewable electricity guarantees of origin. The agreement forms part of Antolin’s broader efforts to reduce emissions and increase renewable electricity use across its European operations.
"Antolin, Global manufacturers of automotive components, has signed long-term virtual power purchase agreement (VPPA) with Spanish renewable energy producer BRUC."
"Spanish renewable energy producer BRUC."
"Schneider Electric’s SE Advisory Services supported Antolin in structuring and negotiating the renewable energy procurement strategy."
Timeline
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