Iberdrola España S.A.U. has agreed to promote onshore wind vitality to Renfe Group by way of a Digital Energy Buy Settlement (VPPA). Over 10 years, Iberdrola will ship 360 gigawatt hours (GWh) per yr to Renfe.
“With this settlement with Renfe, we are able to spotlight electrification with out emissions in transport, which is accountable for greater than a 3rd of all vitality consumed in our nation. Partnerships comparable to this one are important to assist the event of a renewable electrical energy combine. The PPAs, by way of their totally different modalities, are a key device for patrons who need to safe renewable vitality at a set, long-term worth”, David Martínez, director for shoppers in Spain at Iberdrola, stated in a media launch.
Iberdrola stated it has over a decade of PPA expertise, managing agreements throughout Spain, Portugal, Germany, Italy, the UK, the US, Brazil, Mexico, and Australia for wind and photo voltaic tasks. Iberdrola claims it’s Europe’s prime energy utility by market worth and second globally.
- Advertisement -
For the second yr, Iberdrola stays the chief within the European PPA market, with 1,251 MW contracted in 2024, a 38 % improve from 2023, the corporate stated.
“This settlement is one other step alongside Renfe’s vitality administration roadmap. This settlement promotes renewable vitality manufacturing tasks, whereas on the similar time stabilizing the value of Renfe’s vitality, which we take into account very optimistic for the corporate’s administration,” Marta Torralvo, Renfe’s Chief Monetary Officer, stated.
“The excessive volatility of vitality costs was inflicting important alterations and uncertainty within the evolution of outcomes, and on this means, these prices at the moment are predictable. Agreements such because the one signed with Iberdrola España assist us to advance alongside this path. I ought to point out that Renfe trains are the passenger and freight transport system in Spain that consumes the least vitality per unit transported. In reality, their carbon footprint is between 20 and 30 occasions decrease than emissions from vehicles or airplanes”, Torralvo added.
Different corporations with which Iberdrola signed PPAs embrace Amazon, Bayer, BP, Telefonica, Burger King, Salzgitter, Microsoft, Meta, Mercedes-Benz, and Vodafone.
To contact the writer, e-mail andreson.n.paul@gmail.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all vitality professionals to Communicate Up about our business, share data, join with friends and business insiders and have interaction in knowledgeable group that can empower your profession in vitality.
