Iberdrola has signed a long-term power purchase agreement (PPA) with Vodafone Spain to sell renewable energy from the 49 MW Puylobo wind project which is under construction in Aragon, Spain.
As part of the agreement – which will come into effect from January 2021 – Iberdrola will sell 140 GWh of electricity each year to Vodafone Spain. Another 400 GWh of electricity will be supplied each year under a separate agreement.
The Puylobo wind project will be constructed with an investment of Euro 50 million. Once operational, it will prevent the emission of 32,000 tons of CO2 per year.
The construction of the wind project is in line with Iberdrola’s strategy to invest in clean power generation projects in Spain and its commitment of signing bilateral agreements with big customers.
On the other hand, the agreement will enable Vodafone to consume energy from renewable sources in Spain and to make progress with its strategic framework to become a sustainable, environmentally responsible company, It has already pledged to consume 100 per cent renewable energy by 2025 and reduce its greenhouse gas emissions by 50 per cent. With this agreement, Vodafone Spain will comply with 75 per cent of its objective to buy renewable energy in 2021.
