Iberdrola and PepsiCo have signed a power purchase agreement (PPA) to supply 100% renewable electricity to all of the brand’s food and drink centres in Spain and Portugal.
The PPA will come into force on 1 January 2023 and covers 11 PepsiCo facilities.
The renewable energy will come from the 590MW Francisco Pizarro photovoltaic plant that Iberdrola is developing between the Extremaduran municipalities of Torrecillas de la Tiesa and Aldeacentenera, in Cáceres.
These include the production plants in Spain (beverages in Álava, snacks in Burgos and gazpacho Alvalle in Murcia) and another plant in Carregado (Portugal).
The agreement also includes two large PepsiCo logistics centres in Burgos and Valencia, as well as sales offices in Vitoria, Pamplona, Palma de Mallorca and offices in Vitoria and Barcelona.
“We are proud to be part of the development of projects like this that are transforming the present and future of energy in our country and that are fully aligned with our goal to reach zero net emissions by 2040,” said Marta Puyuelo, Director of Corporate Affairs and Sustainability for PepsiCo Southwest Europe.
She added: “This is one of the many initiatives we are implementing as part of PepsiCo Positive, the comprehensive transformation of our company with sustainability at its core.
Sergio Hernández de Deza, Iberdrola’s Director of Large Customers and Industrial Solutions, said: “Long-term green power purchase agreements (PPAs) open up many opportunities for the development of renewable projects to accelerate the energy transition to reduce dependence on fossil fuels.
“PPAs have become an optimal tool for managing the electricity supply of large consumer customers who share our commitment to a new, cleaner and more sustainable economic model.”