Centrica Energy and Amarenco are pleased to announce the continuation of their strategic partnership in the Las Naranjillas solar project with a 10-year power purchase agreement, reinforcing their shared commitment to the energy transition and to their respective counterparties.
Starting in January 2026, Centrica Energy will be the main offtaker of the 50 MW Las Naranjillas solar plant for a duration of 10 years, deepening its collaboration with Amarenco. Located in Carmona, Seville, Spain, the plant generates enough green electricity to power nearly 14,000 homes annually, while avoiding approximately 52,000 tonnes of CO₂ emissions. The project supports Spain’s renewable energy targets and contributes to the decarbonisation of the European energy system.
This milestone reflects the mutual trust between both companies, who worked closely to identify solutions that enable long-term power purchase agreements in a dynamic and challenging market environment. Through an innovative structure, the parties have successfully overcome traditional barriers, ensuring the financial and operational viability of the project without compromising on transparency or collaboration.
Both companies reaffirm their commitment to developing sustainable, reliable, and scalable energy solutions, and will continue to explore new opportunities to expand their collaboration in the future.
About Centrica Energy
Centrica Energy is the energy trading and optimisation arm of Centrica plc, responsible for managing commodity risk and sourcing energy on behalf of Centrica Group’s energy supply activities.
Centrica Energy is a global energy trading company which helps move energy from source to use powering businesses, homes, and societies. Across 8 offices on three continents, and with 800+ passionate and highly skilled energy experts, they trade power, gas, liquified natural gas and green certificates, connecting energy producers, suppliers and offtakers in wholesale energy markets.
Centrica Energy is one of the largest renewable asset managers in Europe, with over 16.9GW of capacity under contract, of which more than 85% is renewable assets.
About Amarenco
Amarenco is an independent producer of renewable energy, active in the development and operation of large-scale solar photovoltaic and storage infrastructure, mainly in Europe, and has already carried out more than 2,000 projects.
Amarenco is committed to a “regenerative” business model, implementing programs to regenerate the land on which its photovoltaic power plants are deployed. These programs aim to restore the soil's capacity to absorb carbon emissions, promote biodiversity and water retention.
The company is experiencing spectacular growth and has raised nearly €500 million from renowned investors since 2020. Amarenco invests more than 1/2 billion euros each year and today employs more than 200 people in Europe.
Amarenco has already achieved over 600 MW of production capacity with a secured pipeline of 1.3 GW, and is targeting 1 GW by 2026, 3 GW by 2030, and 25 GW by 2050.
