•  
  •  
  •  

Iberdrola signs solar PPA with Spain's Uvesco

Solar panels by iamme ubeyou.

November 15 (Renewables Now) - Spanish power utility Iberdrola SA (BME:IBE) announced today it will supply renewable electricity to local Uvesco Group under a long-term power purchase agreement (PPA) signed by the companies.

According to Iberdrola, 100% of the electricity will come from its 391-MW Nunez de Balboa solar project, to be built in the autonomous community of Extremadura. This photovoltaic (PV) plant will be the largest in Europe, the firm stated.

Grupo Uvesco a leading food distributor in the northern part of the peninsula with a network of 220 supermarkets and four large logistics centres. Under this PPA, the first of its kind signed between an energy company and a distribution group in Spain, Uvesco Group should be able to avoid around 26,700 tonnes of carbon dioxide (CO2) emissions per year.

Iberdrola has a global installed capacity exceeding 29,400 MW, of which more than 15,800 MW in Spain, it noted.

More stories to explore
Share this story
Tags
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription