Alter Enersun Secures 25 MW Solar PPA in Spain

Nov 12, 2024 03:13 PM ET
  • Alter Enersun and Atlantic Copper's new solar project will boost renewable energy use to 82%, securing stability and sustainability for the copper refiner in Spain.

Alter Enersun has signed a long-term power purchase agreement (PPA) with Atlantic Copper, a Huelva-based copper refiner, to construct a 25 MW solar self-consumption plant in southwestern Spain. The project involves an investment of €16 million ($17 million) and will be located on land owned by the Port Authority of Huelva. Expected to begin operations in 2026, the solar farm aims to produce approximately 53 GWh annually.

This initiative will enable Atlantic Copper to enhance its renewable energy usage, increasing its low-carbon electricity consumption to 82% from 66%. CEO Javier Targhetta emphasized that the move to secure fixed-price electricity contracts aims to mitigate exposure to market volatility and ensure stable energy supply amid price crises. Atlantic Copper is a subsidiary of US-based Freeport-McMoRan Inc.

How will Atlantic Copper's solar project impact its renewable energy consumption and cost stability?

Increased Renewable Energy Consumption:

  • The new solar project will significantly raise Atlantic Copper's renewable energy consumption from 66% to 82%.
  • This increase aligns with global trends towards sustainable practices and corporate responsibility in the manufacturing sector.

Cost Stability and Predictability:

  • The long-term power purchase agreement (PPA) provides Atlantic Copper with a fixed price for electricity, which shields the company from fluctuations in the energy market.
  • This stability is particularly important given the recent volatility in energy prices, allowing for more predictable budgeting and financial planning.

Operational Efficiency:

  • By generating its own solar energy, Atlantic Copper can reduce reliance on external energy suppliers and potential price hikes, improving overall operational efficiency.
  • The self-consumption aspect enables the company to utilize the energy produced on-site, reducing transmission losses and improving the overall energy return on investment.

Environmental Compliance and Corporate Image:

  • The move to bolster renewable energy usage not only meets regulatory compliance for emissions but also enhances Atlantic Copper's reputation as an environmentally responsible company.
  • A commitment to renewable energy can attract environmentally conscious investors and customers, improving brand loyalty and market position.

Support for Local Economy:

  • The investment in the solar project translates to job creation and contributes to the local economy in Huelva, both during the construction phase and throughout its operational life.
  • Local businesses may also benefit from service contracts related to maintenance or supply chain support for the solar facility.

Long-Term Sustainability Goals:

  • The project aligns with Atlantic Copper's long-term sustainability and climate goals, reinforcing the transition toward a cleaner industrial sector.
  • This initiative can serve as a model for other companies in the industry, encouraging broader adoption of renewable energy solutions.

Technological Advancements:

  • The implementation of the solar farm may facilitate future technological advancements in energy management and efficiency within Atlantic Copper's operations.
  • Innovations in solar technology and energy storage systems can lead to further reductions in energy costs and enhance overall efficiency.

Partnership with Experts:

  • Collaborating with Alter Enersun, which specializes in renewable energy solutions, ensures that Atlantic Copper will benefit from expert knowledge and best practices in solar energy production.
  • This partnership can foster innovation and potential expansion of renewable initiatives in the future.

Resilience Against Regulatory Changes:

  • Securing renewable energy generation helps Atlantic Copper prepare for potential future regulations targeting industrial emissions and energy efficiency standards.
  • By proactively integrating solar energy, the company positions itself favorably in the face of evolving legislative landscapes focused on sustainability.

 




SOLAR DIRECTORY
Solar Installers, Manufacturers