Iberdrola now has more than 4,000 renewable MW with long-term bilateral contracts (PPA)

In recent years it has sealed agreements with more than 50 multinationals, among which are the 5 ‘bigtech’.

Iberdrola now has more than 4,000 renewable MW with long-term bilateral contracts (PPA)

Iberdrola It already has more than 4,000 renewable megawatts (MW) related to contracts with large energy companies. United States, Spain, Mexico, Brazil, United Kingdom and Australia for long-term electricity sales (PPA).

Over the last few years the energy company has promoted these contracts, sealing agreements with more than 50 multinationals, among which are the 5 ‘bigtech’: Google, Amazon, Apple, Facebook y Microsoft, with which “it continues to advance in its leadership for renewable energies linked to long-term bilateral contracts.”

As the company highlights in a statement, “with this type of agreement many opportunities are opened for the development of renewable projects that are transforming the present and future of energy in our country and contributing to economic recovery.”

Long-term power purchase and sale contracts provide investment stability and have become an optimal tool for managing the electricity supply of large consumers, committed to clean and sustainable consumption.

The PPAs demonstrate, in the company’s judgment, the competitiveness of renewables and their ability to supply energy at affordable and stable prices.

The group led by Ignacio Galán started in the model of long-term renewable energy contracts in the United States, where, through its subsidiary Avangrid It is the third largest renewables operator in the US.

More than a decade ago, the group began to develop this type of agreement and today it has signed PPAs on the other side of the Atlantic with more than 10 North American companies.

In Spain, the company has pioneered this type of contract with companies from different sectors: banking, telecommunications, the beer sector, distribution, sports brands and pharmaceuticals.

One of the most recent is that of Danone Spain, which joined Iberdrola to promote the creation of the largest photovoltaic plant in Europe. The agreement guarantees the long-term supply of green electricity to all Danone production plants and their sources in Spain, located in Asturias, Barcelona, ​​Girona, Guadalajara, Granada, Madrid and Valencia; as well as its logistics centers and offices. Danone suppliers have joined this alliance, Graham Packaging and Salvesen Logistics.

Iberdrola highlights that it continues to advance in its sustainability strategy, based on the electrification of the economy and aimed at fighting climate change and creating wealth and employment in the communities where it operates.

The company -main partner through ScottishPower of COP26, which hosts Glasgow between October 31 and November 12, 2021 – claims to be leader in green and sustainable financing, with 35,800 million euros and the first corporate issuer of green bonds in the world.

Its own CO2 emissions as of September have been reduced to 53 g / kWh and it maintains its goal of becoming an emissions-neutral company by 2030 in Europe.

In the last two decades, the company has invested € 120 billion in renewable energy, smart grids and energy storage.

Its investment plan to 2030 of 150,000 million euros will allow it to triple its renewable capacity to almost 100,000 MW.