Iberdrola will supply 9 Bayer sites in Spain
Post date: 19/11/2020 - 09:36
Spanish utility Iberdrola SA and German Bayer AG signed a long-term power purchase agreement (PPA) to deliver 100 percent renewable electricity to cover the entire electricity procurement of the nine Bayer sites in Spain. This includes three factories, five research and development (R&D) centres and the company's headquarters for Iberia. This initiative will be effective in all of these centres from 2022 and for a ten-year period.
The renewable energy that Iberdrola will supply to Bayer will come from the 590 MW »Francisco Pizarro« PV project. Located between the Extremaduran municipalities of Torrecillas de la Tiesa and Aldeacentenera (Cáceres), the project has already received environmental impact assessment (EIA) approval and is expected to start operation in 2022. Investment will amount to €300 million ($356 million). »Francisco Pizarro« is part of Iberdrola's renewable energy investment plan in Extremadura which envisages the installation of some 2,000 MW by 2022.
The contract with Bayer is following a PPA agreed by both companies in Mexico whereby the pharmaceutical company buys green energy generated by the 105 MW »Santiago« onshore wind farm, located in the state of Guanajuato. Bayer announced at the end of last year its commitment to achieving an emission-neutral footprint worldwide by 2030.