Acciona to provide 210MWp of clean power to Novartis

Nov 20, 2020 10:51 AM ET
  • Renewable energy business Acciona has signed 2 virtual power purchase agreements (VPPAs) with international medicine firm Novartis to provide tidy energy for a duration of 10 years.
Acciona to provide 210MWp of clean power to Novartis
Image: Acciona

Renewable energy company Acciona has signed 2 virtual power purchase agreements (VPPAs) with global medication company Novartis to supply tidy power for a duration of ten years.

Acciona will construct 2 brand-new solar (PV) plants in Spain to supply clean power to Novartis.

Acciona Energy CEO Rafael Mateo claimed: "Our objective is to enhance our operations through a balanced commercialisation design. Guaranteeing the sale conditions of 80% of the outcome of these brand-new plants via a PPA manage a worldwide customer such as Novartis is in line with our approach."

The very first plant with a 125MWp capability will be integrated in Extremadura, Almendralejo, Badajoz, while the second plant with an 85.7 MWp ability will certainly show up in the municipalities of Jarafuel y Ayora, Valencia.

Acciona will certainly develop the solar centers with an investment of nearly EUR120m.

The Extremadura plant is expected to come online in the 4th quarter of 2022 while the Valencian plant is set to become functional in the initial quarter of 2023.

Both power plants will certainly have an incorporated ability of 210MWp. Around 80% of the tidy energy generated by them will go in the direction of sustaining the virtual PPAs with Novartis.

With both VPPAs with Acciona, Novartis will be able to minimize its carbon discharge degrees and also attain its target of coming to be carbon neutral by 2025.

Novartis has actually established a target to attain 100% renewable energy usage throughout its global operations. Both PPAs will aid the company to fulfill 50% of its target to attain 100% sustainable electrical power in Europe.

Novartis primary sustainability police officer Montse Montaner said: "Energy effectiveness as well as renewable resource services are the keystones of our method for lowering exhausts. We are proud to be signed up with by Acciona and also various other like-minded partners on our environmental sustainability journey."

The business has additionally authorized a 15-year VPPA with EDP Renováveis for a tidy power capability of 63MW and one more agreement with Enel Green Power.

These agreements are anticipated to include greater than 275MW in clean power to the electrical grid.