Núñez de Balboa, the largest photovoltaic project in Europe

Power purchase agreement with Danone

Iberdrola has extensive experience in providing competitive energy committed by PPA (Power Purchase Agreement) or long-term power purchase agreement with various consumers. In this regard, Iberdrola and Danone have joined forces in their sustainability commitments with the signing of a long-term Power Purchase Agreement (PPA), which will drive the development of Francisco Pizarro. The initiative consolidates Danone’s renewable strategy and means that 100 % of the renewable electricity used in its plants and factories in Spain will come from this solar project.

The agreement reached will guarantee the long-term green supply of electricity to all Danone’s Spanish production plants and its natural water sources, located in Asturias, Barcelona, Gerona, Guadalajara, Granada, Madrid and Valencia; as well as its logistics centres and offices. Danone España’s suppliers, Graham Packaging and Salvesen Logística, have also joined the alliance.

Iberdrola also has an agreement with Bayer, whereby the utility supplies renewable electricity from the Francisco Pizarro photovoltaic plant to cover the entire demand of Bayer’s nine centres in Spain (three factories, five research and development centres and the company’s Iberia headquarters).

In addition, with the PPA signed between Iberdrola and PepsiCo, the energy company will supply green electricity from this plant to all the beverage and food multinational’s centres in Spain and Portugal. Iberdrola will supply green energy to 11 PepsiCo facilities from its entry into force on 1 January 2023. These include the production plants in Spain and one in Carregado (Portugal), the two large logistics centres in Burgos and Valencia, the sales offices in Vitoria, Pamplona, Palma de Mallorca and the company’s offices in Vitoria and Barcelona.