Iberdrola, one of the world’s largest renewable energy companies, and Holcim, a world leader in innovative and sustainable solutions for construction, have signed a new and important agreement. Clean Power Purchase Agreement (PPA) in Germany. – and have agreed to work together on a wide range of new sustainability initiatives.
Under the new agreement, Iberdrola will supply Holcim with 250 gigawatt-hours (GWh) of renewable energy per year from its Baltic Eagle offshore wind farm in Germany. This clean energy will help accelerate Holcim’s goal of achieving energy neutrality in Germany, where it has set a goal of increasing the use of renewable energy in its operations to more than 80% by 2030.
The Baltic Eagle offshore wind farm is currently being built in the Baltic Sea, Rügen is located in the north of the island, and will have a total capacity of 476 megawatts (MW) when completed in 2024.
As part of a broader agreement, the two companies have formed a working group to analyze the potential of a wide range of related new projects. Stability in Europe and potential on other continents.
Proposals being developed include possible Additional PPA for decarbonize operations, as well as the analysis of suitable locations to develop on-site renewable energy facilities from solar PV to green hydrogen at Holcim’s owned and operated plants.
Iberdrola will also help Holcim analyze projects it can contribute to Increasing electrification of existing industrial processes and promoting electric mobility solutions.
Ultimately, in the long run, Both companies aspire to introduce 100% emission free green cement To help build renewable energy projects around the world.
Aitor Mosso, director of client business at Iberdrola, said: “Iberdrola is proud to work with Holcim and support its drive to be at the forefront of sustainability in building solutions. Our agreement will allow clean energy from offshore wind to immediately support Holcim’s operationsAnd both companies look forward to furthering our enduring collaboration in the weeks, months and years ahead.”
“All companies and sectors must innovate and have a clear and realistic strategy to reduce emissions and achieve the goal of a net zero emissions world. The innovative agreements we have established with Holcim bring together the best of initiatives from various sectors and contribute to accelerating the path to net zero.”
Rodrigo Martín Flores, Director of Infrastructure and Key Account Management at Holcim, said: “I am delighted to have signed this agreement with Iberdrola and to join another. World leader in sustainability to accelerate building sustainable infrastructure for renewable energy. The transition to net-zero energy requires deeper collaboration across our entire value chain. No one organization can do it alone.”
in recent months, Iberdrola has established several long-term transversal alliances to promote the decarbonization of the economy:
recently, Iberdrola and MAPFRE make progress in their strategic alliance to develop onshore renewable energy in Spain Induction of additional 100 MW through a joint venture, which already has a capacity of 450 MW.
at the beginning of the year, Iberdrola and Norges Bank Investment Management Signed an alliance to co-invest in 1,265 MW of new renewable capacity in Spain.
Iberdrola and BP also signed an agreement in March Strategic alliance to deploy 11,700 fast charging points in Spain and Portugal.
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