Iberdrola and Bayer seal agreement for 100 % renewable electricity supply
Iberdrola and Bayer in Spain are joining forces in the transition to a green economy with the signing of the first long-term power purchase agreement (PPA) between an electricity utility and a pharmaceutical company in Spain, generated by clean generation sources.
Iberdrola will supply 100 % renewable electricity to cover the entire electricity procurement of the nine Bayer sites in Spain, including three factories, five research and development (R&D) centres and the company's headquarters for Iberia.
This initiative will be effective in 100 % of these centres from 2022 and for a ten-year period, with the electricity generated by the Francisco Pizarro photovoltaic plant - Europe's largest planned photovoltaic plant - which Iberdrola will build in Extremadura and which has already received environmental impact approval (EIS). Until that time, the agreement includes a 'bridge contract' under which Bayer will now consume all the electricity it needs without emissions, with guarantee of origin (GO) labels.
With the agreement, Iberdrola and Bayer continue to contribute together to the transition towards a green economy, following the PPA agreed by both companies in Mexico whereby the pharmaceutical company buys green energy generated by the Santiago onshore wind farm (105 MW), located in the state of Guanajuato.
The 100 % renewable energy that Iberdrola will supply to Bayer facilities in Spain will come from the Francisco Pizarro project, the largest photovoltaic (PV) plant currently under planning consent in Europe, with 590 MW installed capacity.
Located between the Extremaduran municipalities of Torrecillas de la Tiesa and Aldeacentenera (Cáceres), the project has already received environmental impact assessment (EIA) approval and will generate enough clean energy to supply 375, 000 people annually, a figure higher than the populations of the cities of Cáceres and Badajoz. Once operational in 2022, the plant will prevent the emission of 245, 000 tonnes of CO2 into the atmosphere each year, reinforcing the competitiveness of this technology for the protection of the environment and the mitigation of global warming.
Beyond its environmental contribution, the new investment in this PV project - which will amount to €300 million - will help to reactivate the supply chain and job creation in the community, involving up to more than 1,000 professionals.
Francisco Pizarro is part of Iberdrola's renewable energy investment plan in Extremadura which envisages the installation of some 2,000 green MW by 2022, making the region one of the central platforms of its renewable energy strategy in Spain.
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