Trafigura, a market leader in the global commodities industry, has signed a 10-year hybrid Power Purchase Agreement  with Nadara, a leading Independent Power Producer, covering 434MW of renewable capacity from eleven wind and solar assets in Spain.

The 10-year agreement secures renewable capacity from five solar PV farms and six wind farms, making it one of a small number of multi-technology PPAs in Europe. The PPA covers output from Nadara’s hybrid sites at Esquileo, Dehesilla I, Dehesilla II, San Lorenzo C and San Lorenzo D, as well as from the operational wind site La Dehesica.

By integrating solar generation into existing wind sites, the projects benefit from a complementary production profile that stabilises output and supports the financing of additional capacity.

The PPA provides long-term revenue certainty for Nadara’s wind assets while enabling investment in new solar projects, supporting the continued expansion of renewable electricity capacity in Spain.

For Trafigura, the agreement forms part of its strategy to build a diversified power portfolio across key European energy hubs, including Spain, where the company has an established presence in the power market.

Nicola Cagetti, Head of European Power at Trafigura, said: “We are pleased to have signed this PPA with Nadara, which further expands our European renewable power footprint. This long-term, hybrid wind and solar agreement underscores our strategy to diversify Trafigura’s European renewable portfolio across key EU hubs, including Spain – where we already have a long-standing presence in the power market.”

Maria Mura, Head of Origination at Nadara, said: “By pairing complementary technologies and applying disciplined structuring with sophisticated risk management, we’re demonstrating that, even in a highly competitive market, new renewable capacity can be unlocked. The signing of this PPA with Trafigura shows how this approach can be scaled into tangible pipeline growth delivering more renewable electricity to the grid.”