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

comments icon

0

Share

Published:

June 26, 2023

Country:

Comments:

comments icon

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

belgrade energy forum bef 2025 energy transition technology turkovic presern Beynio kusljugic

BEF 2025: Technologies for energy transition are here, getting cheaper every day

23 May 2025 - The missing parts are grids and regulations, according to the investors and lenders gathered at Belgrade Energy Forum 2025

depa gas power plant larissa

Greece’s DEPA joins forces with Clavenia to build 792 MW gas power plant

23 May 2025 - The planned gas power plant is expected to be Greece's most efficient combined cycle gas turbine (CCGT) facility, DEPA said

belgrade energy forum bef 2025 western balkans region cooperation

BEF 2025: Regional cooperation can facilitate energy transition, energy security

22 May 2025 - Belgrade Energy Forum featured representatives from the governments of Montenegro, Croatia, Hungary, the Republic of Srpska, and Serbia, and from UNECE

heating plant ljubljana energetika te tol

Slovenia keeps phasing out coal as key heating plant boosts natural gas share to 60%

22 May 2025 - TE-TOL, the main district heating provider in the Slovenian capital, Ljubljana, has taken over a newly built gas-steam unit