Trafigura has signed a 10-year hybrid power purchase agreement (PPA) with Nadara for 434 MW of renewable energy capacity in Spain. The agreement covers power generation from five solar PV farms and six wind farms. The PPA includes output from Nadara’s hybrid sites at Esquileo, Dehesilla I & II, San Lorenzo C & D, along with the operational La Dehesica wind farm.
In April 2026, IFM Investors acquired the remaining 50 per cent stake in Nala Renewables from Trafigura Renewables. Nala Renewables, a renewable-energy platform located in London, operates a multi-technology portfolio with over 2 GW capacity across solar, wind, and storage. The platform also targets 10 GW of global capacity in operation, construction, or late-stage development by 2030.
In March 2026, Trafigura announced that its wholly owned subsidiary, MorGen Energy, had taken the final investment decision to begin construction of a 20 MW green hydrogen production facility in Milford Haven, Wales. Construction is scheduled to begin in 2026, with commissioning expected by early 2028. It is expected to produce approximately 2,000 tonnes of low-carbon hydrogen annually.