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Albioma Codora Energia secures new PPA

France-headed independent renewable energy producer Albioma SA has disclosed that its Brazilian subsidiary, Albioma Codora Energia S.A., has recently won a call for tenders for a new 20-year power purchase agreement (PPA). To run from 2025, the PPA covers a volume of 64 GWh per annum at a guaranteed inflation-indexed price of BRL 202.35/MWh.

The Albioma Codora Energia cogeneration plant in the State of Goiás has been operating since 2011 at a site next to a distillery owned by the Jalles Machado Group, the world’s second-largest producer of organically-grown sugar. In 2015, when Albioma acquired a 65% equity stake, the plant had an installed capacity of 48 MWe, enabling the export of 98 GWh per annum of power to the grid. The addition of a third steam turbine in 2018 increased this to 68 MWe (photo courtesy Albioma).

The majority of Albioma Codora Energia’s production is already sold on the regulated market via long-term inflation-indexed contracts.

According to a statement, it will be possible to honour this new contract by increasing the volume of sugarcane crushed by the adjoining sugar refinery and by recovering vinasse, an ethanol distillation residue, for energy.

The 68 MW Codora Energia cogeneration plant in the State of Goiás, in which Albioma acquired a 65 percent stake in 2015, adjoins a sugar refinery and distillery owned by the Jalles Machado Group.

A 40 percent increase in energy exports has been achieved since the partnership began in 2015, driven by Albioma’s goal to improve the industrial performance of its facilities, and by Jalles Machado’s construction of a sugar refinery in addition to the existing distillery.

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