The additional supply of nearly 2 TWh will complement the initial 3 TWh PPAs that Nexwell Power signed with the tech company in March 2025.
The agreement underscores Nexwell Power's commitment to providing innovative, clean energy solutions that cater to the needs of industrial and commercial clients.
London, UK – 24th June 2025 — Nexwell Power, a Nexwell institutional-grade platform dedicated to accelerating the energy transition, has secured a second round of Power Purchase Agreements (PPAs) with one of the largest tech companies in the U.S. to deliver over 1.9 terawatt-hours (TWh) of clean energy.
The newly signed PPAs follow the previous transactions, signed in March, to supply 2.9 TWh of renewable energy generated from solar PV technology until 2040, which also enables Nexwell Power to incorporate innovative solutions such as energy storage to provide grid services.
The power supply expansion will be generated by Newell Power's facilities in Aragon, Spain, with a total capacity of 105 MWp. The solar plants are expected to be operational by 2027. By that time, 145 MWp of the company's assets in the Spanish regions of Andalusia and Aragón are expected to have been generating electricity for a year, in compliance with the previous PPAs.
These offtake contracts firmly position Nexwell Power as a leader in providing flexible customized clean energy solutions to industrial and commercial clients, such as large-scale tech data centers, helping to establish Aragon as a growing hub for technological consolidation.
Miguel Muñoz, COO at Newell Power, affirmed, “Our partnership with a world-leading corporation to deliver clean energy at a stable price reflects our unwavering commitment to decarbonization. We have demonstrated our accountability and ability to deliver clean energy solutions that align perfectly with the needs of industrial and commercial clients. Our objective is to help our partners meet their sustainability targets and provide cost stability while exceeding the highest expectations.”
The combined energy supply from these agreements is expected to offset approximately 2 million metric tons of CO₂ emissions, a substantial contribution to the fight against climate change, and a significant milestone in Newell Power’s journey toward achieving net-zero emissions.
Disclaimer
This press release has been prepared for the purpose of announcing to the public certain activities of Nexwell Power and the Nexwell Group, and not for the purpose of soliciting any investment.
About Nexwell Power
Nexwell Power is one of the Nexwell Group´s institutional-grade platforms focused on accelerating energy transition by providing low-cost, stable, clean and dispatchable electricity to off-takers through a combination of innovation, efficient capacity factor enhancement and sustainable long-term cost saving solutions. For further information, visit https://nexwellpower.com/
About Nexwell
Nexwell is an investment platform committed to decarbonization. Founded in 2019 by industry veterans, Nexwell partners with and invests in high-potential companies to accelerate their growth and impact. With extensive operating experience and connections, Nexwell provides capital, strategic guidance, and access to a global network. For further information, please visit https://nexwell.com/
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Marisa González Berrocal
communication@nexwellpower.com
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