Iberdrola and Danone join forces to create Europe's biggest photovoltaic plant

07 Feb 2021

Iberdrola and Danone have joined forces in their sustainability commitments with the signing of a long-term Power Purchase Agreement (PPA), which will drive the development of Europe's biggest photovoltaic plant.

With 590MW of installed power and an investment of €300m, the Francisco Pizarro PV plant will avoid the emission of over 245,000 tonnes of CO2 a year and will contribute towards the country's ecological transition. Danone España's suppliers, Graham Packaging and Salvesen Logística, have also joined the agreement.

The alliance reinforces Iberdrola's strategy for renewable project development in Spain through bi-lateral contracts, which support the supply of clean energy at competitive and stable prices with customers committed to sustainable consumption.

The agreement reinforces Danone's zero net emissions commitment for 2050, with all the renewable electricity used by the company at its facilities and factories in Spain coming from this agreement.

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