Iberdrola and Vodafone sign solar PPAs in three countries
Power Engineering International
Posted on: 11 July 2023
Iberdrola and Vodafone have signed new power purchase agreements (PPA) in Spain and Portugal| adding to a recent agreement in Germany.
Energy giant Iberdrola and telecoms company Vodafone have signed new power purchase agreements (PPA) in Spain and Portugal, adding to a recent agreement in Germany.
The companies have also pledged to work together to look for new PPA opportunities and sustainability initiatives in Europe.
In total the PPAs will see Iberdrola provide Vodafone with 410GWh of solar energy per year in the three countries, helping to accelerate Vodafone’s net-zero journey whilst increasing its energy security.
• For Vodafone Portugal, the PPA will provide the energy from the newly built Velilla solar PV plant located in Palencia, Spain.
• A further PPA agreement for Vodafone Spain will deliver 280 GWh per year from the newly constructed Cedillo PV plant located in Cáceres, Spain.
• For Vodafone Germany, a PPA was agreed last week to supply the full energy produced from the Boldekow PV plant, Iberdrola’s first solar project to be developed in the country. The plant will have a total capacity of 56 MWp and will be built in the state of Mecklenburg-Western Pomerania. It will be fully operational by 2024.
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Additionally, Iberdrola has installed more than 140 electric vehicle charging points in the main facilities operated by Vodafone in Spain, as well as providing a service to manage and optimize their operation.
Aitor Moso, global clients director of Iberdrola, said: “Agreements with progressive businesses like Vodafone are increasingly important in allowing new renewables projects to be built, and we now look forward to accelerating the delivery of these solar PV plants.”
Joakim Reiter, Vodafone group chief external & corporate affairs officer, said: “These agreements across Europe underline Vodafone’s commitment to ensure our customers will continue to benefit from electricity purchased 100% from renewable sources. They also provide Vodafone with improved energy security and long-term price certainty as we work towards achieving net-zero in our operations by 2030.”
Securing an off taker for the clean electricity production allows Iberdrola to fast forward construction and commissioning of the projects.
This relationship reinforces Iberdrola’s strategy to enter into bilateral agreements that promote the supply of power at competitive and stable prices to large customers who are committed to clean and sustainable consumption.
