Iberdrola, a global leader in renewable energy, has signed a multi-year agreement with Acciaierie Venete Spa, a key player in Europe’s steel industry, to supply 12 MW of green electricity through a Power Purchase Agreement (PPA).
Under this deal, Iberdrola will provide clean energy from one of its photovoltaic plants currently under construction, delivering a total of 230 GWh throughout the contract period.
Lorenzo Costantini, Sales Director of Iberdrola Italia said in an official statement, “This PPA represents a further step in our strategy aimed at promoting the use of energy from renewable sources among industrial partners, thus supporting the energy security of our country.”
“This partnership with Iberdrola is consistent with our commitment to sustainability,” commented Francesco Semino, CSO of Acciaierie Venete Spa, “and should be seen as part of a decarbonisation process that aims to reduce specific CO2 emissions by more than 50% by 2030″.
Iberdrola stands out as a leading European player in the fast-growing PPA market, with almost 1,000 MW signed in 2023, according to Pexapark’s European PPA Market Outlook 2024.
In Italy, the company is investing in industrial decarbonization solutions and renewable energy for the country’s ecological transition and energy security.