Thursday 19 November 2020

Bayer and Iberdrola seal solar PPA deal for 100% renewable electricity supply

Bayer has signed a solar power purchase agreement (PPA) with Iberdrola for 100% renewable electricity supply.

With the ten-year deal, which will come into force in 2022, the German pharmaceutical giant secured green electricity for all its sites in Spain, including three manufacturing plants, five research and development centres and other facilities servicing the Iberian Peninsula.

Bayer has purchased the output of the 590MW Francisco Pizzaro solar farm in Spain, which is claimed to be Europe's largest planned photovoltaic plant.

Once operational the project is predicted to generate enough energy to supply 375,000 people and save 245,000 tonnes of carbon dioxide every year.

Eduardo Insunza, Iberdrola's Global Director for Large Customers, said: "PPAs open up many opportunities for the development of renewable projects which are transforming the present and future of energy in our country while contributing to the transition to a green economy."

Laura Dieguez, Director of Communications, Corporate Public Affairs and Sustainability at Bayer, commented: "Measures such as these help us to further Bayer's commitment to sustainability by taking concrete steps to reduce our environmental impact."