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    Iberdrola and Bayer sign Power Purchase Agreement in Italy

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    Iberdrola and pharmaceutical company Bayer have signed an off-site solar Power Purchase Agreement (PPA) in Italy, set to provide renewable energy starting in January 2025. The 11-year agreement covers the supply of 33 GWh of renewable energy over its duration.


    As part of the deal, Bayer’s Garbagnate Milanese site will exclusively use electricity from renewable sources, underscoring the company’s commitment to environmental sustainability. The energy will be generated by the photovoltaic plant in Montefiascone (Lazio), Iberdrola’s second solar facility in Italy, which has a total installed capacity of 7 MW.


    Chief executive officer of the plant, Vincent Curtin,  mentioned “The partnership with Iberdrola will allow us to use energy from renewable sources, significantly reducing the environmental impact of our plant.”


    “It is a demonstration of Bayer’s concrete commitment to achieving global carbon reduction targets, as defined by the United Nations and the Paris Agreement to limit global warming.”


    With the inauguration of its second operational plant and the completion of the authorized photovoltaic plants in Italy, Iberdrola will have an operating capacity of 400 MW in the country by 2025.


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