Alcoa Corporation, the world’s third largest aluminum producer, announced last week that it has entered into a power purchase agreement (PPA) with Spanish renewable energy group Greenalia for 183 MW of baseload wind energy to power its smelter in Spain.
Due to skyrocketing electricity prices, Alcoa announced in December a two-year curtailment of aluminum smelting at the San Ciprian smelter. During the curtailment period, the company has been working to secure power purchase agreements to prepare the smelter for the planned restart in January 2024.
