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Watson Farley & Williams (“WFW”) advised Greenalia in the negotiation and execution a long-term power buy agreement (“PPA”) to supply a smelter belonging to Alcoa Corp (“Alcoa”), San Ciprian (Spanish) up to 183 MW baseload wind energy. Greenalia will supply electricity from up to 29 wind farm it plans to build in Galicia’s northern region. The focus is on the ones being built in Lugo, the province where the San Ciprian Smelter is situated. The power supply will begin in 2024 and continue until 2033 under the PPA.
Greenalia, an independent producer of renewable energy, is headquartered in A Coruna, Spain. It operates across Europe, including the Iberian Peninsula, Canary Islands and the United States. Greenalia uses certified plants, wind, solar, and biomass energy to generate electricity. It brings innovation and green jobs in all areas it operates.
Alcoa, a world leader in aluminum products, bauxite and alumina products, has the vision to reimagine the aluminum industry for sustainability.
Partner David Diez was the leader of the WFW Madrid team that advised Greenalia, along with Senior Associate Hector Suarez (Associate Juan Lozano).
David said, “We are thrilled to have helped Greenalia with this important project.” This deal demonstrates WFW’s increasing reputation as the “go-to” firm for complex sectoral legal advice in Spain. It also cements our position in the renewable energy market.