Trafigura executes first wind power purchase agreements in North America
Houston, 8 October 2024 – Over the past few months, Trafigura has executed its first wind power purchase agreements (PPAs) in North America, accounting for at least 50 percent of the as-generated energy and renewable energy credits (RECs), 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.
ENDS
For further information please contact:
Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com
About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world – responsibly and efficiently. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through joint ventures H2Energy Europe and Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and our Impala Terminals joint venture. The Group employs over 12,000 people and is active in 156 countries.
Visit: www.trafigura.com