Encavis and Visalia agree Spanish hybrid power purchase deal

Encavis will provide Visalia with 60 GWh of renewable electricity each year under a three-and-a-half-year hybrid PPA. The supply will come from a 199 MW portfolio near Zaragoza that combines two solar parks and three wind farms. Visalia operates urban generation assets and distribution networks, while Encavis has 1 GW of operating solar and wind capacity in Spain.

The deal lasts three and a half years and supplies 60 GWh yearly. Encavis sources it from a 199 MW portfolio near Zaragoza containing two solar parks and three wind farms. Visalia runs over 500 urban renewable generation sites plus more than 1,000 km of power distribution and high-speed fibre networks.

Encavis has 1 GW of operating Spanish solar and wind capacity, including 300 MW Talayuela, 200 MW La Cabrera and a 150 MW Aragon wind project. In December 2025, UniCredit arranged €200 million of non-recourse funding for Encavis to buy the 265 MW Giotto solar portfolio in Italy from EDP Renewables Italia Holding; the package was not a bridge facility.