Capital Energy has entered into an agreement with Atlantic Copper to supply renewable energy to its metallurgical complex in Huelva

 Through the production of the 41 MW Puerto photovoltaic plant, which it is developing in the municipality of Teba, in the province of Malaga 

• Under the terms of the agreement, the energy company undertakes to supply 43,800 MWh of clean electricity annually from 2025, at a stable and competitive tariff set in advance through a PPA, for an initial period of 10 years

Huelva, 5 May 2023.- Capital Energy, the Spanish energy company founded two decades ago aiming to become the Iberian Peninsula’s first vertically integrated, fully renewable operator, goes one step further in its commitment to the socio-economic development of Andalusia. 

Thus, the company, which has been building renewable energy facilities in this region since 2009, has recently signed a framework agreement with Atlantic Copper, Spain’s leading copper producer, to supply 100% clean energy to the company’s metallurgical complex in Huelva from 2025 onwards. 

Under the terms of the agreement entered into between Capital Energy and Atlantic Copper, the energy company is committed to supply, at a stable and competitive rate set in advance through a PPA, and for an initial period of 10 years, 43,800 MWh annually of energy generated by a photovoltaic plant it is developing in Malaga: Puerto. 

In particular, Capital Energy will undertake this commitment to supply energy to the Huelva plant through the planned start-up of the solar facility it is developing in the municipality of Teba, which has recently obtained a positive Environmental Impact Statement (DIA), as well as the Prior Administrative Authorization (AAP), and which will have an installed capacity of 41 megawatts (MW). 

In the words of Juan José Sánchez, CEO of Capital Energy, “this agreement to supply renewable energy to a customer as important to industry in Andalusia as Atlantic Copper, underscores our commitment not only to the energy transition but also to the environmental and socioeconomic well-being of Andalusia, an autonomous community to which we are strongly tied and in which activities related to the development and construction of facilities have already involved the investment of around 115 million euros.” 

In turn, Macarena Gutiérrez, CEO of Atlantic Copper, underlined that “we are fully aligned with the European decarbonisation goals and this agreement aligns with our business strategy of continuing to make progress in the use of renewable energies in order to ensure a safe, competitive and clean supply. In Andalusia, the sun is an asset that must also be harnessed by industry. In 2022 we have continued to be at the forefront among the world’s most efficient smelters in terms of energy consumption and, furthermore, we have set a new reduction target, committing to reduce GHG emissions (Scope 1 and 2) by 50% by 2030, taking 2018 as the base year.”  

About Capital Energy

In line with its commitment to a green and fair energy transition, Capital Energy currently has a wind and solar portfolio on the Iberian Peninsula of over 30 gigawatts (GW) of power, with more than 8.5 GW already awarded grid access permits.

Capital Energy has achieved its strategic goal of being present along the entire value chain of renewable generation: from design, where the enterprise has a consolidated position thanks to its 20-year track record, to construction, production, storage, operation and supply. The company has 15 offices in Spain and Portugal, with almost 360 employees.