Trafigura signs 434MW hybrid power purchase agreement with Nadara in Spain
Geneva, 20 May 2026 – Trafigura, a market leader in the global commodities industry, has signed a 10-year hybrid Power Purchase Agreement (PPA) 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.”
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 over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. 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 MorGen Energy and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders, and operates in over 150 countries.
Visit: www.trafigura.com
About Nadara
Bringing together 30 years of combined industry experience, Nadara is a leading NextGen Independent Power Producer (IPP+), operating across Europe and the US. Nadara has over 4GW of installed onshore wind, solar, biomass, and energy storage across around 200 assets, and a pipeline of 18GW. Operating in Europe – notably in the UK, Italy, France, Spain and Portugal – and the US, Nadara has more than 1,000 employees.
Visit: www.nadara.com