Merck inks deals for five renewable energy projects in Spain

Merck has inked deals with Matrix Renewables and Renantis for five renewable energy projects in Spain.

The pharmaceutical company has already signed power purchase agreements for the same as it aims to utilize the abundant renewable energy potential of the Iberian Peninsula.

According to the companies, the partnership will “deliver a total capacity of approximately 130MW, consisting of two wind projects totalling 37MW and three solar projects totalling over 88MW.” The projects are located in Castile and Leon.

Edison Energy facilitated this and even past power purchase agreements.

Hannah Badrei, Senior Vice President, Global Energy Advisory, at Edison Energy, was quoted in a local report, “By purchasing zero-carbon renewable energy, these corporations can help achieve our shared goal of a more sustainable future. Partnerships such as this mark a significant step towards a greener future for the pharmaceutical sector, and we are proud to be at the forefront of this global decarbonization movement.”

Meanwhile, Merck shared that it aims to “cover 80% of its worldwide purchased electricity from renewable sources” by 2030. It further plans to reduce its greenhouse gas emissions by 50% by 2030.

Overall, the company has pledged to be climate neutral by 2040.