Acciona Energía signs blockchain-based renewable energy PPA

100% renewable energy PPA for tissue paper giant Sofidel will come with with guarantees of origin

Acciona Energia’s blockchain-based Greenchain traceability application will track the renewable supply in real time.

Through the PPA, which is with the tissue paper giant Sofidel, Acciona Energia will supply at least 90GWh/year of renewable electricity to its production plant in Buñuel in northern Spain over the 10-year term.

The agreement includes the supply with guarantees of origin accredited by Spain’s National Commission of Markets and Competition (CNMC) that certifies the 100% renewable origin of the electricity consumed, as well as access to Acciona Energía’s Greenchain traceability application.

With this tool, Sofidel will be able to determine which generation plant and which renewables source supplied energy to its facilities on a MW basis.

Have you read?
Green hydrogen blockchain tracking platform developed
Putting ESG performance in perspective

With the long-term electricity supply, it is envisaged to be delivered at a competitive and stable price, avoiding the current volatility of the market.

“In line with its path toward a low carbon economy, Sofidel is pursuing a multi-option energy procurement policy, linked to the different legislative, infrastructural and environmental contexts in which it operates,” says Riccardo Balducci, Sofidel energy & environment director.

“The signing of the PPA with Acciona Energía fits into this pattern and represents a decisive step toward achieving our goals.”

The Greenchain blockchain platform was developed with the Dutch startup FlexiDAO and subsequently as a spinoff a similar green hydrogen tracking platform has been delivered.

Italy-headquartered Sofidel expects to avoid the emission of over 12,870t of CO2 per year with the use of 100% green energy in its facilities in Spain.

The company’s greenhouse gas emissions reduction targets to 2030 have been approved by the Science Based Targets initiative (SBTi) as consistent with the goals of the Paris Agreement.