BayWa’s renewables business has signed a virtual power purchase agreement (VPPA) to provide global medical technology leader Boston Scientific with solar electricity.
This is the first VPPA BayWa r.e. has signed with a healthcare company.
For Boston Scientific, it is the first VPPA contracted in Europe, and helps the company make progress on its decarbonisation targets.
Under this 10-year VPPA, BayWa r.e. will deliver additional electricity to the European power grid from the newly constructed and now operational 15.1MW Alcalá solar farm close to Seville, in Spain.
In return, Boston Scientific can secure renewable energy to match approximately 80% of the company’s electricity consumption in Europe.
“Our focus on improving patient health is inextricably linked with the health of the planet, and we have a responsibility to protect the world we all share,” said Paudie O’Connor, senior vice president, Global Supply Chain, Boston Scientific.
He added: “This power purchase agreement underlines our commitment to sourcing renewable energy in one of the many growing regions for our company where environmental sustainability is increasingly paramount for our customers.”
Daniel Parsons, Head of PPA at BayWa r.e., said: “We’ve been active in the renewables PPA market since its beginning and we are very happy to see this type of green energy solution becoming more and more established across Europe.”
To date, BayWa r.e. has signed 77 PPAs with a volume of almost 2GW for ground-mounted solar, floating solar and onshore wind projects in Europe.
Around 40% of this contracted capacity has been signed for projects in the Spanish market.