Iberdrola, PepsiCo ink Iberian solar PPA

• 590MW Francisco Pizarro PV plant will supply electricity for 11 sites in Spain as well as Portugal

Iberdrola as well as PepsiCo have authorized a power purchase agreement (PPA) to provide 100% renewable electrical power to all of the brand name's food and also drink centres in Spain as well as Portugal.

The PPA will enter into force on 1 January 2023 and covers 11 PepsiCo centers.

The renewable energy will certainly come from the 590MW Francisco Pizarro photovoltaic or pv plant that Iberdrola is developing between the Extremaduran municipalities of Torrecillas de la Tiesa as well as Aldeacentenera, in Cáceres.

These consist of the production plants in Spain (beverages in Álava, snacks in Burgos as well as gazpacho Alvalle in Murcia) and one more plant in Carregado (Portugal).

The agreement also consists of two large PepsiCo logistics centres in Burgos and Valencia, along with sales offices in Vitoria, Pamplona, Palma de Mallorca and also workplaces in Vitoria and also Barcelona

" We are proud to be part of the development of projects like this that are changing the present and also future of power in our country which are fully aligned with our goal to reach zero net discharges by 2040," said Marta Puyuelo, Director of Corporate Affairs and Sustainability for PepsiCo Southwest Europe.

She included: "This is one of the many initiatives we are executing as part of PepsiCo Positive, the comprehensive makeover of our firm with sustainability at its core.

Sergio Hernández de Deza, Iberdrola's Director of Large Customers as well as Industrial Solutions, claimed: "Long-term green power purchase agreements (PPAs) open up numerous opportunities for the development of renewable projects to speed up the energy change to lower dependancy on fossil fuels.

" PPAs have actually become an ideal tool for taking care of the electrical energy supply of large customer customers who share our commitment to a new, cleaner as well as a lot more sustainable financial design."