The electricity company will deliver 100% clean electricity to a Bayer plant in the Alpine country for 11 years
MADRID, 22 May. (EUROPA PRESS) –
Iberdrola and the German pharmaceutical company Bayer have expanded their alliance with the signing of a green energy purchase and sale agreement (PPA) in Italy for 11 years starting in January 2025 and comprising a total of 33 gigawatt hours (GWh) in said period.
As reported this Wednesday by the electricity company, the agreement expands its international alliance with Bayer and adds to the existing agreements between both companies in Spain and Mexico to promote cleaner and more sustainable consumption.
With the agreement now signed, the Bayer plant in Garbagnate (Milan) will exclusively use electricity from renewable sources.
The energy will be produced by the Montefiascone photovoltaic plant, in the Lazio region, Iberdrola’s second photovoltaic plant in Italy with a total installed power of 7 megawatts (MW).
Once operational, the plant will avoid the emission into the atmosphere of more than 3,200 tons of CO2, equivalent to the electrical demand of more than 4,000 homes.
With the inauguration of its second operational plant in Italy and the completion of the photovoltaic plants already authorized, Iberdrola will have an operational capacity of 400 MW in the Alpine country in 2025.
Iberdrola has signed long-term energy purchase and sale agreements in Europe, the United Kingdom, the United States, Brazil, Mexico and Australia, from onshore wind projects, as well as offshore wind and photovoltaic projects.
The group began developing this type of agreements more than a decade ago. Iberdrola has sold around 90% of the energy it plans to generate between 2024 and 2025, as highlighted by the company.