Iberdrola and Bayer Join Forces for Renewable Energy with a 11-Year Solar PPA in Italy
Iberdrola and pharmaceutical giant Bayer have entered into a landmark agreement to offtake renewable energy from an off-site solar power purchase agreement (PPA) in Italy. Starting in January 2025, this 11-year deal will provide a total of 33GWh of clean energy, underscoring both companies’ commitment to environmental sustainability.
Bayer’s Garbagnate Milanese site will exclusively utilize electricity from renewable sources, a move that aligns with the company’s dedication to reducing its carbon footprint. The solar energy will be sourced from Iberdrola’s Montefiascone photovoltaic plant in Lazio, which boasts a total installed capacity of 7MW and represents Iberdrola’s second such project in Italy.
Vincent Curtin, CEO of Bayer’s Garbagnate Milanese site, expressed enthusiasm about the partnership: “This collaboration with Iberdrola allows us to harness renewable energy, significantly cutting the environmental impact of our operations. It is a testament to Bayer’s unwavering commitment to global carbon reduction targets as outlined by the United Nations and the Paris Agreement.”
With the addition of the Montefiascone plant and other authorized photovoltaic projects in Italy, Iberdrola is on track to achieve an impressive operational capacity of 400MW in the country by 2025.
Stay tuned for more updates on this exciting venture and join the conversation with #RenewableEnergy #Sustainability #SolarPower #GreenEnergy #Iberdrola #Bayer #CleanEnergy #Italy #CarbonReduction #ClimateAction #ParisAgreement
Credit: [Image: Iberdrola]