ACCIONA Energía has signed a Power Purchase Agreement (PPA) with Vidrala, a leading designer and manufacturer of glass containers. This 10-year contract will supply renewable energy to Vidrala’s plants in Spain and Portugal, covering between 20% and 25% of their electricity needs.
The agreement will take effect in January 2025, and will enable Vidrala to use electricity fromACCIONA Energía’s wind farms for its operations at the Llodio (Álava), Caudete (Albacete), Castellar del Vallès (Barcelona) and Marinha Grande (Portugal) plants. This contract is part of ACCIONA Energía’s strategy to increase medium- and long-term contracts in Spain, maintaining around 80% of contracted volume in relation to the wholesale market. However, ACCIONA Energía is not confined to the Iberian peninsula, and the Spanish company is also present in Poland, in cooperation with SSE.
Impact on Vidrala’s operations
For Vidrala, the APP is an important part of its energy and cost management strategy. By securing a long-term renewable energy source, Vidrala is able to secure a significant part of its energy supply while keeping electricity costs under control.
This contract is the first that Vidrala is integrating into a broader strategy aimed at covering 100% of its electricity consumption with renewable sources by 2030. In this way, Vidrala ensures the long-term stability and predictability of its energy costs.
Consulting and Partnerships
The PPA with ACCIONA Energía was negotiated with the help of Advanced Energy Consulting (AEC), which provided strategic advice to Vidrala. This agreement follows a previous renewable electricity supply contract in place since 2018 in Portugal, where ACCIONA Energía supplies energy to the Gallo Vidro and SB Vidros plants in Marinha Grande.
The heads of both companies emphasized the importance of this partnership in strengthening the competitiveness and sustainability of Vidrala’s operations. Galo Álvarez, Director of Strategy and Sustainability at Vidrala, said the agreement is an essential pillar of their long-term strategy to ensure a stable and competitive energy supply.
Outlook and Analysis
The agreement between ACCIONA Energía and Vidrala is representative of a growing trend in the industrial sector to secure long-term renewable energy sources. For ACCIONA Energía, this represents an opportunity to expand its industrial customer base and stabilize revenues through long-term contracts.
For Vidrala, this strategy reduces exposure to electricity price fluctuations on wholesale markets, while ensuring a reliable source of supply. Contracts of this type are becoming increasingly common in the sector, especially for companies seeking to secure their energy costs over the long term.
