/Madrid, SPAIN, February 10, 2026, 9:30 CET, RENEWABLE MARKET WATCH™/ Axpo, a leading Swiss energy company, has entered into a significant ten-year power purchase agreement (PPA) with the Spanish renewable energy firm Enhol, marking a major milestone in their ongoing collaboration. The PPA, which encompasses a substantial 3.7 terawatt-hours (TWh) of energy, will cover Enhol’s entire wind energy portfolio in Spain. This strategic agreement not only underscores Enhol’s commitment to enhancing its renewable energy business within Europe but also plays a crucial role in ensuring the financial stability of its operations.
As the largest long-term PPA that Axpo Iberia has signed to date, this deal underscores the growing importance of PPAs as vital risk-management tools in increasingly complex electricity markets. By securing a reliable income stream through this agreement, Enhol can better navigate market fluctuations and safeguard its financial health. This partnership builds on more than two decades of collaboration between Axpo and Enhol, reflecting their shared vision for a sustainable energy future and their commitment to advancing renewable energy initiatives across the continent.
As electricity markets continue to evolve, Power Purchase Agreements (PPAs) have become essential for managing risks associated with energy production. The recent deal will enhance Enhol’s income stability and support the long-term sustainability of its assets. With a volume of 3.7 TWh, this agreement is sufficient to power approximately 175,000 households and is projected to prevent more than 160,000 tonnes of CO2 emissions each year.
Enhol, an independent family-owned company based in Navarra, northern Spain, operates in over 20 countries across four continents. It is a significant participant in Spain’s renewable energy market and is working on various international wind power initiatives. Having partnered with Axpo Iberia for over 20 years, Enhol’s latest transaction cements Axpo’s role as a key ally for renewable energy producers. Axpo provides long-term solutions that ensure risk management, financial stability, and expert insights into the wholesale energy markets.
Following the signing of the PPA, Axpo Iberia CEO Ignacio Soneira said: “The volume and duration of the agreement underline our ability to structure complex, large-scale transactions in an increasingly demanding energy environment. With the signing of this PPA, both companies are advancing their respective growth and consolidation strategies in the European renewable energy market, contributing to the development of a more stable, competitive and decarbonised energy system.”
Grupo Enhol co-managing directors Diego and Gonzalo Oliver added: “This agreement with Axpo reinforces our stability and strategic evolution of our renewable business in Europe. The deal reflects our commitment to sound financial management, a long-term industrial vision, and strategic alliances with top-tier partners.”
Founded in 2001, Axpo Iberia specialises in delivering tailored energy solutions designed to meet the diverse needs of large corporations, small and medium-sized enterprises (SMEs), and independent professionals. As a subsidiary of Axpo, the company not only supplies a variety of energy sources—including electricity, gas, solar energy, biomass, and biomethane—but also excels in offering comprehensive market representation and control centre services. Additionally, Axpo Iberia is committed to promoting energy efficiency through innovative solutions that help clients optimise their energy usage and reduce costs.
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