- Tesla signs a long-term power purchase agreement with Zelestra for 130 GWh of solar energy annually, sourced from three photovoltaic plants in Spain.
- Zelestra will begin immediate plant construction, with a total capacity of 74 MWdc, supporting Tesla’s renewable energy strategy.
- The PPA reflects growing industry interest in securing stable, decarbonised energy supplies amid rising energy costs.
Tesla has signed a long-term power purchase agreement (PPA) with renewable energy company Zelestra. The deal guarantees Tesla 130 GWh of solar energy annually. Zelestra will supply this energy from three photovoltaic plants in Brazatortas, Castilla-La Mancha, Spain.
The plants, with a total capacity of 74 MWdc, will produce 146 GWh annually. Tesla’s PPA covers 57 MWac of this capacity. The agreement advances Tesla’s renewable energy strategy.
Zelestra will begin construction on the solar plants immediately. The company’s rapid execution showcases its strong capabilities in the renewable energy sector. Zelestra holds a project portfolio exceeding 5 GW in Spain, underlining its significant market presence.
Zelestra’s Chief Commercial Officer, Ivan Nieto, emphasised the company’s commitment to providing sustainable energy. He stated that the partnership with Tesla aligns with Zelestra’s goal to offer decarbonized energy solutions and supports Tesla’s move towards cleaner energy.
Tesla’s decision to secure a long-term energy supply through a PPA follows a growing trend. Companies increasingly lock in stable energy prices and reduce exposure to market volatility. These contracts also help businesses achieve sustainability goals.
The PPA also supports Tesla’s efforts to decarbonise its operations. Tesla has pioneered the integration of renewable energy into its business model, and this agreement with Zelestra strengthens Tesla’s renewable energy commitments.
The PPA marks a major milestone in Zelestra’s expansion. The company continues to grow its footprint in the renewable energy market, especially in Spain. Zelestra aims to meet the rising demand for clean energy solutions through the rapid development of solar projects.
The agreement underscores the growing importance of PPAs in securing long-term energy supplies. As energy costs rise and market conditions become more unpredictable, companies seek stability through such contracts. PPAs offer a reliable way to manage energy consumption while supporting global decarbonisation goals.
Zelestra’s focus on providing decarbonised energy solutions plays a key role for industries aiming to reduce their carbon footprint. The company’s approach targets industries that need reliable, sustainable energy sources. This partnership with Tesla highlights the importance of these solutions in the modern economy.
The solar plants will contribute to Spain’s growing renewable energy sector. Spain leads in solar power generation in Europe, and the agreement with Tesla supports the country’s renewable energy goals.
Zelestra’s project portfolio positions the company as a major player in Spain’s renewable energy market. The firm’s rapid expansion reflects the growing demand for solar power. As companies like Tesla continue to commit to renewable energy, partnerships with providers like Zelestra will become even more vital.
Tesla’s PPA with Zelestra signals the increasing role of long-term energy contracts in securing a sustainable energy future. The partnership also highlights the importance of renewable energy in achieving global climate goals. As the demand for clean energy grows, Tesla and Zelestra lead toward a more sustainable future.