Iberdrola and the pharmaceutical company Bayer have signed an off-site solar PPA in Italy that will supply renewable energy from January 2025.
With a duration of 11 years, the PPA is for the supply of a total of 33GWh of renewable energy over the entire period.
Under the agreement, Bayer’s Garbagnate Milanese site will use only electricity from renewable sources, confirming the company’s commitment to environmental sustainability.
The energy will be produced by the photovoltaic plant in Montefiascone (Lazio), Iberdrola’s second such site in Italy, with a total installed capacity of 7MW.
Chief executive officer of the site Vincent Curtin said: “The partnership with Iberdrola will allow us to use energy from renewable sources, significantly reducing the environmental impact of our plant.
“It is a demonstration of Bayer’s concrete commitment to achieving global carbon reduction targets, as defined by the United Nations and the Paris Agreement to limit global warming.”
With the inauguration of its second operational plant and the completion of the photovoltaic plants already authorized in Italy, Iberdrola will boast an operating capacity of 400MW in the country in 2025.