Iberdrola to supply environment-friendly energy to Bayer centers in Spain

Nov 18, 2020 02:31 PM ET
  • Spanish renewables developer Iberdrola has actually signed a power purchase arrangement (PPA) with pharmaceutical firm Bayer to supply 100% renewable power.
Iberdrola to supply environment-friendly energy to Bayer centers in Spain
Image: Iberdrola, S.A.

Spanish renewables developer Iberdrola has actually authorized a power acquisition contract (PPA) with pharmaceutical company Bayer to provide 100% renewable electricity.

According to the contract, Iberdrola will provide tidy power generated by its solar photovoltaic (PV) Francisco Pizarro plant to nine Bayer sites in Spain.

Bayer's three manufacturing facilities, 5 r & d (R&D) centres and also the firm's headquarters for Iberia will certainly be powered with tidy energy.

Iberdrola takes an additional progression in its financial investment technique in renewables with the beginning of the Francisco Pizarro project.

With a mounted capacity of 590MWp, the Francisco Pizarro facility is spread throughout 1,300 ha between the municipalities of Torrecillas de la Tiesa as well as Aldeacentenera.

Asserted to be one of the largest solar centers in Europe, Francisco Pizarro is anticipated to become operational following year.

As soon as operational, the plant is anticipated to every year generate sufficient tidy energy for a populace of 375,000 people while offsetting 245,000 tpa of carbon exhausts.

The ten-year PPA agreement will certainly work from 2022.

Until the solar facility ends up being operational, the arrangement consists of a 'bridge contract' where Bayer will receive all the power it needs without discharges under the guarantee of beginning (GO) labels.

Both business have additionally authorized a PPA in Mexico, under which, Iberdrola consented to provide clean energy to Bayer from the 105MW Santiago onshore wind ranch in the state of Guanajuato.

Iberdrola Large Customers international supervisor Eduardo Insunza stated: "PPAs open several opportunities for the advancement of sustainable projects which are transforming the present and future of power in our nation while adding to the transition to a green economic situation.

" These long-lasting energy purchase contracts bring security to the business's financial investments. They have likewise come to be an optimal device for taking care of the power demands of big customers, devoted to clean as well as lasting supply."