Renewables

Enery inks solar PPA with Bulgarian metals producer KCM

Enery-inks-solar-PPA-with-Bulgarian-metals-producer-KCM

Photo: Matthias Becker / https://creativecommons.org/licenses/by-sa/3.0/legalcode

Published

June 26, 2023

Country

Comments

0

Share

Published:

June 26, 2023

Country:

Comments:

0

Share

Enery will supply electricity to lead and zinc producer KCM in Bulgaria from its photovoltaic project. The power purchase agreement is for 12 years.

Industrial metals producer KCM said it found a way to balance its energy mix with a sustainable supply. Starting in 2024, the company will get electricity from a new solar power plant, owned by Austria-based renewable energy developer Enery and its majority-owned subsidiary Enery Element.

The two sides signed a 12-year power purchase agreement, PPA. The largest lead and zinc producer in Bulgaria requires 400 GWh of electricity per year, the announcement reads. KCM said the green power deal is a leap forward in its environmental, social, and managerial strategy.

Green PPAs are opportunity for industrial clients to boost ESG performances

With an expected annual production of nearly 200 GWh, the new asset offers industrial partners the opportunity to improve their sustainability practices while optimizing and decarbonizing their energy costs, Enery pointed out.

“This landmark agreement marks a significant milestone in the transition to a more sustainable and low-carbon industrial landscape in Bulgaria and the broader region of Southeast Europe. We remain committed to fostering partnerships that drive forward the energy transition by developing utility-scale renewable projects with positive environmental and social impact,” Enery Element’s Director Nikola Gazdov stated.

Enery Element has over 3 GW in project pipeline in Bulgaria, Romania

The utility said it has a 280 MW “diversified green fleet currently generating over 200 GWh of clean electricity” and that it tailors its green PPAs to clients’ requirements. There is 7 GW in the project pipeline, of which Enery Element is developing more than 3 GW in renewables and battery storage in Bulgaria and Romania, Enery added.

“We believe that partnering with Enery is а viable business approach to achieve sustainable and long-lasting effects from the implementation of green solutions. The interaction between responsible energy consumers and competent suppliers and producers of green energy is at the core of achieving the EU’s clean energy goals,” KCM added in the statement.

The energy-intensive company is part of KCM 2000 Holding, which produces and trades concentrates, non-ferrous metals and alloys.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

US-Canada-financing-nuclear-reactors-Romania-Cernavoda

US, Canada approve financing for new nuclear reactors at Romania’s Cernavodă

29 September 2023 - US Exim Bank approved a USD 57 million loan and Canada offered CAD 3 billion in financing for new reactors in Romania's Cernavodă plant

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW