Madrid City Council greenlights €75.2M renewable energy contract for buildings.

By Oliver Townsend May 25, 2024
Madrid City Council Approves New €75.2 Million Renewable Energy Contract for Municipal Buildings.jpegOrginal image from:

The Madrid City Council recently approved a new €75.2 million renewable energy contract for municipal buildings, marking a significant step towards sustainability and energy efficiency. The contract, set to commence on September 1, 2024, guarantees 100% renewable energy for various city entities, including Madrid Health and the Employment Agency. This move aligns with the council’s commitment to renewable energy and cost savings, part of a broader strategy initiated in 2022.

New Contract Details

The contract, managed by the Government Area of Economy, Innovation, and Finance, is valued at €75.2 million and spans a 28-month period until December 31, 2026. One key requirement for bidders is to prove that all supplied electricity originates from renewable sources, ensuring sustainability. Unlike the previous contract, price updates will occur during specific periods, without revisions for extensions.

Commitment to Renewable Energy

In 2023, following the implementation of energy-saving measures, the Madrid City Council generated 3.95 GWh of solar energy, resulting in €2.8 million in savings. Electricity and gas consumption decreased by 10%, underscoring the success of the council’s sustainability initiatives. The new contract aims to address the dynamic nature of Spain’s electrical system and consumption diversity by awarding based on the lowest average price weighted by consumption.

Enhancing Sustainability and Efficiency

The contract’s introduction of a new payment regime, based on actual consumption rather than a fixed fee, signifies a shift towards greater transparency and efficiency. This change, alongside the focus on renewable energy sources, reflects Madrid’s ongoing commitment to enhancing sustainability within its infrastructure. Overall, the new contract represents a significant milestone in Madrid’s journey towards a greener, more energy-efficient future.

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