- Press Releases
July 13 (Renewables Now) - Enel Green Power’s outpost in Spain has signed a ten-year virtual power purchase agreement (VPPA) with US healthcare group Johnson & Johnson (NYSE:JNJ), linking the contract to 104 MW of new wind and solar generation capacity.
The “pan-European agreement” is structured around 270 GWh per year, to be produced by two wind farms and one solar park in Spain, Italian utility group Enel SpA (BIT:ENEL) said Tuesday.
The VPPA will take effect in January 2023.
Under the arrangement, 85% of the supported power will come from the Campillo II and III wind farms, two pieces of a cluster in Cuenca province that will begin construction in the final quarter of 2021. The remaining 15% will be provided by the 47-MW Veracruz solar PV farm that Enel Green Power Espana is building in the Badajoz province of Spain.
The present VPPA and other Johnson & Johnson’s agreements will enable the health group achieve the equivalent of 100% renewable power in Europe by 2023, Enel said.