Iberdrola and Tosano Supermarkets Partner for Clean Energy Future

Feb 12, 2024 12:24 PM ET
  • Iberdrola partners with Tosano to provide long-term clean energy, reducing CO2 emissions by 6,000 tonnes per year. Off-site PPA agreements ensure stable prices and eliminate fossil fuel volatility.

Iberdrola has signed a Power Purchase Agreement (PPA) with Italian supermarket chain Tosano to supply it with long-term clean energy. The off-site deal guarantees the supply of clean energy for 10 years through an Iberdrola solar PV system. Under the agreement, Iberdrola will provide Tosano with an estimated 20GWh of clean energy annually, helping the supermarket group accelerate its decarbonization and sustainability goals. The deal will reduce Tosano's CO2 emissions by approximately 6,000 tonnes per year. Iberdrola aims to have an operational capacity of 400MW in Italy by 2025.

Supermercati Tosano's chairman, Andrea Tosano, stated that the company's medium-term Energy Plan involves increasing its installed capacity of renewable energy to increase the self-produced share of total consumption. Iberdrola's country manager, Lorenzo Costantini, highlighted the importance of working with companies that prioritize renewable energy sources. He also emphasized that off-site PPA agreements stabilize the price of energy in the long term and eliminate the volatility associated with fossil fuels.

How will Iberdrola's PPA with Tosano help accelerate the supermarket's decarbonization goals?

  • The PPA with Iberdrola will provide Tosano with a long-term and stable supply of clean energy for 10 years.
  • By relying on Iberdrola's solar PV system, Tosano will be able to reduce its CO2 emissions by approximately 6,000 tonnes per year.
  • The estimated 20GWh of clean energy annually will contribute significantly to Tosano's decarbonization and sustainability goals.
  • The off-site PPA agreement allows Tosano to accelerate its transition to renewable energy without the need for on-site installations or infrastructure.
  • Working with Iberdrola, a company that prioritizes renewable energy sources, aligns with Tosano's commitment to sustainability and environmental responsibility.
  • The PPA agreement stabilizes the price of energy for Tosano in the long term, eliminating the volatility associated with fossil fuels.
  • By increasing its installed capacity of renewable energy, Tosano aims to increase the self-produced share of its total energy consumption, further reducing its reliance on traditional energy sources.
  • Iberdrola's goal of reaching an operational capacity of 400MW in Italy by 2025 demonstrates its commitment to expanding renewable energy infrastructure and supporting the decarbonization efforts of companies like Tosano.
Source:
renews.biz

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