Iberdrola and PepsiCo have joined hands to supply 100% renewable electricity to the latter's facilities in Spain and Portugal.
The duo has already signed a power purchase agreement (PPA) for the same. The PPA will be effective from January 2023
As per the agreement, renewable electricity will be supplied to all of the company’s food and drink centres, at least 11 PepsiCo facilities.
It has been reported that the renewable energy will come from Iberdrola's 590MW Francisco Pizarro photovoltaic plant. This project is being developed between the Extremaduran municipalities of Torrecillas de la Tiesa and Aldeacentenera, in Cáceres.
The facilities include the beverage and snacks production plants in Spain and another plant in Carregado of Portugal.
Besides, it will also cover two PepsiCo logistics centres in Burgos and Valencia and sales offices in Vitoria and Barcelona.
“We are proud to be part of the development of projects like this that are transforming the present and future of energy in our country and that are fully aligned with our goal to reach zero net emissions by 2040,” Marta Puyuelo, Director of Corporate Affairs and Sustainability for PepsiCo Southwest Europe, was quoted.
Meanwhile, Sergio Hernández de Deza, Iberdrola's Director of Large Customers and Industrial Solutions, commented, “Long-term green power purchase agreements (PPAs) open up many opportunities for the development of renewable projects to accelerate the energy transition to reduce dependence on fossil fuels."
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