Elawan Powers Sandoz's Green Shift with Spanish Solar

• Sandoz partners with Elawan Energy to power 90% of its European operations with solar energy, advancing global sustainability goals through a 150 MW project in Spain.

Swiss drugmaker Sandoz has signed a 10-year virtual power purchase agreement with Madrid-based Elawan Energy to meet 90% of its European power needs through solar energy. The agreement involves the joint development of 150 MW of solar projects in Valladolid, Spain, aligning with Sandoz's global decarbonization and sustainability goals.

Elawan Energy, which has 2.1 GW of installed capacity across nine countries, will expand its operations with this project. Spain accounts for 56% of Elawan's operating capacity, followed by the US and Turkey. The deal supports Sandoz's commitment to sustainable energy for its production operations across multiple sites.

How will Sandoz's solar agreement with Elawan Energy impact its sustainability goals?

• The agreement will significantly reduce Sandoz's carbon footprint by transitioning to renewable energy sources, aligning with its global decarbonization targets.
  
• By sourcing 90% of its European power needs from solar energy, Sandoz will enhance its energy efficiency and reduce reliance on fossil fuels.
• The partnership with Elawan Energy will help Sandoz achieve its sustainability goals by promoting the use of clean energy in its operations.
• The development of 150 MW of solar projects will contribute to the local economy in Valladolid, Spain, and support the broader adoption of renewable energy in the region.
• This initiative will position Sandoz as a leader in sustainability within the pharmaceutical industry, potentially influencing other companies to adopt similar practices.
• The agreement will provide Sandoz with a stable and predictable energy supply, reducing exposure to energy market volatility and price fluctuations.
• By investing in renewable energy infrastructure, Sandoz is demonstrating a long-term commitment to environmental stewardship and corporate responsibility.
• The collaboration with Elawan Energy may open up opportunities for future renewable energy projects and partnerships, further advancing Sandoz's sustainability agenda.