Iberdrola signs solar PPA with Italy's Tosano

Spanish renewable energy company Iberdrola will supply long-term clean energy through a Power Purchase Agreement (PPA) to Tosano supermarkets in Italy, which has more than 19 hypermarkets and nearly 4,000 employees.

The off-site PPA provides for the supply of clean energy for 10 years, guaranteed by an Iberdrola solar PV system.

The agreement will see Iberdrola supplying Tosano Supermarkets with an estimated 20GWh of clean energy annually, helping to increase the company's energy security and accelerate its path towards decarbonisation.

The supply of clean energy will reduce CO2 emissions by about 6,000 tonnes per year. This will help help the supermarket group’s plans to accelerate its decarbonisation and sustainability objectives throughout the North East of Italy, where its stores are present.

From Verona to Vicenza, from Brescia to Venice, from Udine to Ferrara, Tosano supermarkets will be powered by green energy, thanks to the agreement signed.

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With the inauguration of its second operational plant and the completion of four plants already authorised and under construction, Iberdrola will have an operational capacity of 400MW in Italy in 2025.

Andrea Tosano, chairman of Supermercati Tosano, said, "Supermercati Tosano's medium-term Energy Plan envisages continuing with conviction on the path of energy production from renewable sources, increasing installed capacity, in order to constantly increase the self-produced share of total consumption from clean energy."

Lorenzo Costantini, country manager at Iberdrola Clienti Italia commented, "We are delighted to work with companies that understand the importance of being powered by renewable sources. An important choice not only for environmental sustainability but for the company itself."

Costantini added, "Off-site PPA agreements, such as the one recently signed with Tosano, allow the stabilisation of the price of energy in the long term and from renewable sources, eliminating the volatility inherent in the use of fossil fuels linked to the supply of energy."