WFW advises independent renewable energy producer Greenalia on 183 MW PPA with Alcoa for San Ciprián aluminium smelter

The international energy, real estate and transport law firm, Watson Farley & Williams (“WFW”) has advocated Greenalia on the negotiation and execution of a long-term power purchase agreement (“PPA”) to supply up to 183 MW of baseload wind energy to Alcoa’s San Ciprián aluminium smelter in Spain.

The A Coruña, Spain headquartered independent renewable energy producer, Greenalia is operating across Europe, especially the Iberian Peninsula, the Canary Islands, and the United States. In all areas where it operates, the company uses wind, solar, and biomass energy from certified plants to make electricity, creating green jobs and bringing innovation.

The electricity will come from a group of up to 29 wind farms Greenalia plans to install in the northern region of Galicia, with a focus on those being developed in Lugo province, where the San Ciprián smelter is located. The PPA specifies that the power supply will begin in 2024 and continue until the end of 2033.

The American industrial corporation, Alcoa is a global leader in the production of bauxite, alumina and aluminium and is reimagining the aluminium industry in pursuit of a sustainable future.

In the WFW Madrid team that advised Greenalia, Partner David Díez worked with Senior Associate Héctor Suárez and Associate Juan Lozano.

David commented: “We are delighted to have assisted Greenalia on this important project. This deal highlights WFW’s growing reputation as the ‘go-to’ firm for providing complex, sector legal advice in Spain and cements our position as a leading firm in the renewable energy space”.