Renewables company Sonnedix has inked a solar power purchase agreement with Spanish national rail network operator Renfe.
Under the deal, Renfe will purchase 420GWh of renewable energy per year to power its commercial operations.
The annual energy production of the solar installations used in the PPA will be enough to power 112,000 homes and avoid 155,000 tonnes of carbon dioxide.
The PPA agreement was made following the official inauguration of Sonnedix’s 150MW Covatillas 1, 5 and 6 portfolio last week.
The Covatillas PV plants, located in the municipalities of Minglanilla, Graja de Iniesta, and Puebla de Salvador, in Cuenca, Spain, will deliver part of the power to Renfe, together with Sonnedix Portachuelo portfolio, located in the province of Toledo.
The PPA agreement was marked at a signing event in Madrid on Friday 6 June, attended by representatives from the management teams of Renfe and Sonnedix. The agreement was signed by Gerson González, representative director of Sonnedix Spain, and Marta Torralvo, general director of economics and finance at Renfe (pictured).
Chief commercial officer at Sonnedix Gregorio Morales said: “The signing of this agreement with Renfe marks a significant milestone in the evolution of our commercial strategy, which is now firmly centred on the end customer.
“We are committed to delivering flexible, bespoke energy solutions that empower our clients to play an active role in the energy transition, while ensuring cost competitiveness.
“The electricity we provide is generated from our portfolio of solar assets in Spain, which we are progressively expanding through the integration of battery storage and wind power.
“This diversification enables us to offer more tailored power profiles and deliver high-value-added services that respond to the evolving needs of our clients.”
Torralvo said: “This agreement represents a new step in Renfe’s energy management roadmap.
“This contract promotes renewable energy production projects while stabilising Renfe’s energy prices, which we consider very positive for the company’s management.
“The high volatility of energy prices was causing significant disruptions and uncertainties in the performance of results, and this way, these costs are made predictable. Agreements like the one signed with Sonnedix help us move forward on this path.”