Iberdrola, Vodafone Espana Inks PPA for 100 Percent Renewable Energy

This alliance will enable the telecommunications operator to consume energy from renewable sources in Spain and to make progress with its strategic framework as a sustainable, environmentally responsible company, has promised to purchase only 100 % renewable energy by 2025 and to reduce its greenhouse gas emissions by 50 %

June 19, 2020. By News Bureau

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Iberdrola and Vodafone España has announced that they have entered into an agreement to promote sustainability, with a long-term power purchase agreement. This alliance will enable the telecommunications operator to consume energy from renewable sources in Spain and to make progress with its strategic framework as a sustainable, environmentally responsible company, having promised to purchase only 100 % renewable energy by 2025 and to reduce its greenhouse gas emissions by 50 %. This agreement will mean that Vodafone España will have complied with 75 % of its objective to buy energy produced by renewable means in 2021.

Iberdrola will supply green energy to 13,500 supply points from Vodafone's own grid in Spain. The contract will take effect in January 2021 and part of the energy consumed, 140 Gwh/year of the total 540 Gwh/year, will be supplied under a PPA associated with a newly built renewable asset, the Puylobo wind project, now under construction in Aragón. The remainder, 400 Gwh/year, will be supplied under another agreement, that guarantees green energy through the delivery of the company's Guarantee of Origin certificates.

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