Iberdrola has signed a PPA with Holcim to provide the building firm with 250GWh of renewable energy per year from its Baltic Eagle offshore windfarm in Germany (pictured).
The clean energy will help to accelerate Holcim’s net-zero journey in Germany, where it aims to expand the use of renewable energy in its operations to over 80% by 2030.
The Baltic Eagle offshore windfarm is currently under construction in the Baltic Sea, north of the island of Rügen, and will have a total capacity of 476MW when completed in 2024.
As part of a wider agreement, the two companies have established a working group to analyse the potential of delivering a broad range of further sustainability-linked projects in Europe and potentially other continents.
The proposals being developed include potential additional PPAs to decarbonise operations, as well as analysing suitable locations to develop on-site renewables facilities at operational plants owned by Holcim, from solar PV to green hydrogen.
Iberdrola will also help Holcim to analyse projects that could help to increase the electrification of existing industrial processes and boost electric mobility solutions.
Ultimately, in the long-term, both companies aspire to deploying 100% emissions free green cement to help construct renewable energy projects around the world.
Aitor Moso, director of Iberdrola’s Retail Business, said: “Iberdrola is proud to work with Holcim and support their drive to be at the very forefront of sustainability in buildings solutions.
“Our agreement will see clean energy from offshore wind supporting Holcim operations immediately, and both companies want to expand our sustainable partnership much further in the weeks, months, and years ahead.
“To get to a net zero world, every company and every sector needs to innovate and have a clear and achievable strategy to reduce emissions.
“Creative partnerships, such as the one we have established with Holcim, will bring together the best ideas from different sectors and help to accelerate the journey to net zero.”