Spain-Headquartered,Iberdrola, a leader in the renewable energy sector, has signed a 10-year Off-site Power Purchase Agreement (PPA) with Acciaierie Venete Spa for a 12 MW capacity. This agreement will provide 230 GW of solar energy from one of Iberdrola’s PV plants which is under construction. The energy supplied will help to reduce CO2 emissions by approximately 6,960 tonns annually which is equivalent to the impact of 64,000 trees and the energy needs of 5,800 households. This partnership aligns with Acciaierie Venete’s plan to reduce specific CO2 emissions by over 50% by 2030. Iberdrola plans to expand its renewable capacity in Italy to 400 MW by 2025.
Iberdrola signs PPA for 12 MW solar with Acciaierie Venete
Iberdrola’s new PPA will reduce CO2 emissions by 6,960 tonnes annually, supporting Italy’s decarbonization targets. (Image Source: Iberdrola)
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