Under three power purchase agreements (PPAs), Spanish utility Iberdrola SA will supply renewable electricity to Vodafone in Germany, Portugal, and Spain. As per the terms of the three agreements, the UK-based telecoms operator will obtain 410 GWh of solar energy annually. The recently constructed Velilla photovoltaic (PV) plant in Palencia, Spain, will supply Vodafone Portugal, and the Cedillo PV project in Caceres, Spain, will provide Vodafone Spain with 280 GWh annually.
Reportedly, the 56-MWp Boldekow facility in the state of Mecklenburg-Western Pomerania, which is anticipated to be completely operational by 2024, is Iberdrola’s first solar project in the country and will be given with the whole production under the German PPA, which was signed recently. With offtake contracts in place, Iberdrola said it will speed up construction and commissioning of the projects. The two companies will also look at other PPA opportunities and sustainability projects in Europe.
In May 2023, Iberdrola signed a PPA with Holcim to provide the building firm with 250 GWh of renewable energy per year from its Baltic Eagle offshore wind farm in Germany. The clean energy will help to accelerate Holcim’s net-zero journey in Germany, where it aims to expand the use of renewable energy in its operations to over 80 per cent by 2030. The Baltic Eagle offshore wind farm is currently under construction in the Baltic Sea, north of the island of Rügen, and will have a total capacity of 476 MW when completed in 2024.