Iberdrola and Portuguese ceramics company Gres Panaria Portugal have signed a Power Purchase Agreement (PPA) guaranteeing the supply of photovoltaic solar energy for the next 10 years.
It will provide a total of 92GWh of clean energy during the term of the contract, which is due to begin in 2025.
The agreement will allow Gres Panaria to reduce its carbon footprint and advance its commitment to sustainable practices, as well as ensuring energy supply stability for the long term.
Managing director of Iberdrola Clientes Portugal Rui Afonso said: “We are active agents in the decarbonisation of industry. It is part of our corporate goals.
“This PPA with Gres Panaria Portugal reflects our commitment to sustainable development and the promotion of renewable energy, especially in a prominent sector for Portugal such as ceramics.”
In addition to the environmental benefits, the PPA allows Gres Panaria Portugal to mitigate the risks and effects of the volatility of the energy markets, ensuring greater stability both in the cost of electricity and in the production and service to customers.
Chairman of the board of directors of Gres Panaria Portugal Marco Mussini said: “This agreement goes beyond the energy issue. Sustainability has been a fundamental guideline in the elaboration of the company’s strategy.
“This agreement reinforces our mission to produce sustainably, maintaining the highest quality standards, and at the same time reducing the environmental impact of our operation, through the redesign and optimisation of industrial processes and products, of our brands, that are more sustainable and properly integrated into the green economy in Portugal.”
The ceramics company is the owner of the Margres, Love Tiles and Gresart brands.