Sonnedix signs 420GWh PPA with Spanish rail operator Renfe

Renewable energy developer Sonnedix has signed a Power Purchase Agreement (PPA) with Spanish national rail network operator Renfe.

Renfe will purchase 420GWh of renewable energy per year to power its commercial operations, which will help the company achieve it's sustainability goals and mitigate the impact of high energy prices.

Marta Torralvo, general director Economic and Financial of Renfe, commented on the PPA: “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."

According to Torralvo, energy price volatility resulted in uncertainties in Renfe's performance and results. This agreement will help to make costs more predictable and will reduce "significant disruptions and uncertainties".

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The PPA was signed after the recent inauguration of Sonnedix’s 150MW Covatillas 1, 5 and 6 portfolio. 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's Portachuelo portfolio, located in the province of Toledo.

With construction now complete, the Sonnedix Covatillas portfolio generates approximately 300,000MWh of renewable energy per year. Together, these form part of a broader renewable energy cluster with a combined capacity of approximately 1GW.

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Sonnedix’s CEO, Axel Thiemann, added: “I’m proud to announce these two major milestones that reflect our continued growth in Spain...The new power purchase agreement with Renfe reinforces our focus on long-term partnerships that support a more sustainable energy future.

"At the same time, the inauguration of our Covatillas portfolio marks a significant step in translating our development pipeline at scale, delivering more clean, reliable, and affordable energy across the country to meet Spain’s energy transition.”