Iberdrola and also Danone signed PPA for 590 MW solar park in Spain
- Spanish utility Iberdrola SA and french food business Danone have signed a lasting Power Purchase Agreement (PPA), which will certainly drive the advancement of Europe's biggest photovoltaic or pv plant.
The contract reached will guarantee the long-lasting eco-friendly supply of electrical energy to all Danone's Spanish manufacturing plants and also its natural water sources, located in Asturias, Barcelona, Gerona, Guadalajara, Granada, Madrid and Valencia; as well as its logistics centres as well as offices. Danone España's suppliers, Graham Packaging and Salvesen Logística, have actually likewise joined the partnership. Iberdrola will certainly likewise offer green energy to the 29 supply factors in Spain for a duration of 10 years from April 2022. The consumption to be supplied under the PPA formula will certainly be 73 GWh/year. Danone will finish its environment-friendly energy supply with another yearly energy contract with Iberdrola as much as 104 GWh/year.
The electrical energy provided will come from the "Francisco Pizarro" project - currently the largest photovoltaic plant prepared for Europe with an ability of 590 MW - which Iberdrola is building in the municipalities of Torrecillas de la Tiesa as well as Aldeacentenera, in Cáceres, Extremadura. Investment is about EUR300 million ($364 million).
Iberdrola is managing PPA's from wind and also photovoltaic projects with 6,500 MW throughout the globe in markets consisting of Spain, the United Kingdom, the USA, Mexico as well as Australia. The company has actually launched a significant investment programme completing EUR75 billion between 2020-2025, with the goal of increasing its sustainable ability. Investments for Spain through total up to nearly EUR14.3 billion, fifty percent of which will be set aside for brand-new eco-friendly projects.