Iberdrola Italia Signs 1000 GWh Power Purchase Agreement with Pam Panorama

Iberdrola Italia, Iberdrola's international business company in that country and Pam Panorama, a historic Italian hypermarket and supermarket company, have signed a power purchase agreement (PPA) for a total of 1,000 GWh.

The agreement means that the Italian company will receive energy from photovoltaic sources for its Pam, Panorama, Pam local and Pam City outlets in Italy. 

This partnership improves competitiveness and accelerates electrification, reducing annual CO2 emissions by more than 38,300 tonnes, equal to the needs of 40,300 households.

By 2025, Iberdrola will achieve an installed capacity of approximately 400 MW in Italy with the upcoming inauguration of its third operational plant and the completion of four additional PV projects.

For the second consecutive year, Iberdrola has been confirmed as the leader in the European PPA market according to the Pexapark Renewables Market Outlook 2025 report, with 1,251 MW contracted (38 percent more than in 2023).