Iberdrola and Bayer seal solar power agreement.

By Oliver Townsend May 22, 2024
Iberdrola and Bayer sign solar energy PPA.jpegOrginal image from: https://www.energyglobal.com/solar/22052024/iberdrola-and-bayer-sign-solar-energy-ppa/

In recent news, Iberdrola and Bayer have entered into a solar energy power purchase agreement (PPA) in Italy. This agreement, set to begin in January 2025, will provide renewable energy for a duration of 11 years, totaling 33 GWh over the contract period. This partnership builds upon the existing collaboration between the two companies in Spain and Mexico. By harnessing renewable energy from Iberdrola’s photovoltaic plant in Montefiascone, Italy, Bayer’s Garbagnate Milanese site will exclusively operate on electricity from sustainable sources, demonstrating a strong commitment to environmental sustainability.

Expanding International Collaboration

The PPA between Iberdrola and Bayer marks a significant step towards global environmental responsibility. This partnership not only ensures a steady supply of renewable energy but also aligns with the United Nations’ carbon reduction goals and the Paris Agreement. Vincent Curtin, CEO of the plant, emphasizes that this collaboration with Iberdrola will substantially decrease the environmental impact of Bayer’s operations, showcasing a tangible effort to combat climate change.

Impact of Renewable Energy

The solar energy generated by Iberdrola’s PV plant in Montefiascone is projected to prevent over 3200 tons of carbon dioxide emissions, equivalent to the electricity consumption of more than 4000 households. This transition to renewable energy sources not only benefits the environment but also sets a precedent for other companies to prioritize sustainability in their operations.

Global Commitment to Sustainability

Bayer’s decision to engage in a long-term PPA with Iberdrola exemplifies a shared dedication to reducing carbon footprints and promoting sustainable practices. By enhancing energy efficiency and embracing renewable resources, companies like Bayer can lead the way in fostering a greener future for generations to come.

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