Spain: Norway-based state-owned power company Statkraft said on 28 July 2026 that it has extended a long-term solar power purchase agreement (PPA) to supply Spanish cement producer Cementos Portland Valderrivas until 31 December 2036.
The PPA has been in force since January 2022 and was originally due to run for 10 years. The counterparty is Fortia Energia, a Spanish energy trader and demand aggregator serving the industrial sector in Spain and Portugal. Under the arrangement, Statkraft will supply 50GW of solar electricity per year from its portfolio in Spain. That electricity is purchased by Fortia and supplied to Cementos Portland Valderrivas. Statkraft said that the agreement will cover around 10% of the cement producer's annual electricity consumption in Spain, helping to stabilise part of its energy costs while supporting its decarbonisation goals.
