Recurrent Energy has signed a 10-year Power Purchase Agreement (PPA) with GKN Automotive, a worldwide chief in drive programs. This settlement will begin the annual manufacturing of roughly 200 GWh of renewable electrical energy, marking GKN Automotive’s first renewable power PPA in Europe.
Under this settlement, GKN Automotive will supply renewable power from Recurrent Energy’s Rey I Project, a 115 MWp photo voltaic PV venture positioned in Seville, Andalucia, Spain. Currently below development, Rey I is predicted to be totally operational within the first half of 2026, with Recurrent Energy proudly owning and working the venture thereafter.
The Rey I Project reinforces Spain’s management in renewable power, producing roughly 240 GWh of unpolluted power yearly—sufficient to energy 73,000 houses within the area and offset roughly 197,000 metric tons of CO2 emissions.
Dr. Clare Wyatt, Chief People, Communications and Sustainability Officer at GKN Automotive, commented, “Signing this PPA with Recurrent Energy underscores our dedication to reaching our 2045 web zero ambition and contributing to the decarbonization of the automotive business. it’s our goal to proceed driving a cleaner, extra sustainable world, by supporting tasks that enhance the provision of renewable electrical energy.
Ismael Guerrero, CEO of Recurrent Energy, added, “Recurrent Energy is happy to help GKN Automotive’s dedication to attain web zero carbon emissions by 2045. Over the previous 10 years, we now have amassed in depth expertise in implementing main tasks for world prospects. We are grateful to GKN Automotive for awarding us their first PPA in Europe. This settlement displays our shared dedication to investing in renewable power tasks that contribute to the corporate’s operations and the struggle in opposition to local weather change.
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