Over the past few months, Trafigura has executed its first wind power purchase agreements  in North America, accounting for at least 50 percent of the as-generated energy and renewable energy credits , along with marketing rights on some of the projects. The three renewable energy projects are located in ERCOT and are already producing, with approximately 400MW nameplate capacity.

“These agreements highlight the rapid growth and diversity of our power trading strategy and enables us to provide a more diverse and customised offering to our current and future customers,” said Igor Marin, Global Head of Gas, Power and Renewables for Trafigura.

Trafigura’s power trading business builds on the company’s capabilities in and understanding of other energy markets. In July 2024, Trafigura and its joint venture partner Frontier Group of Companies acquired the Mountain Creek power plant, providing a flexible source of energy to the fast-growing Texas market and further strengthening the company’s growing gas and power business in the US.