Spanish multinational power company Iberdrola has signed a 1,000 Gogawatt hour (GWH) power purchase agreement (PPA) with Italian retail company Pam Panorama.
The retailer will use solar energy provided by Iberdrola to power the PAM, PAM, PAM Local and Pam City channels in Italy.
The agreement will reduce annual carbon emissions by more than 38,300 tons – equivalent to energy demand for 40,300 households.
Iberdrola’s expansion in Italy is growing steadily, with an expected installation capacity of 400MW by 2025.
The company attributes this growth to a third upcoming operational plant and the development of four additional photovoltaic (PV) projects.
The energy company has signed 15 agreements with prominent companies including Amazon and has signed wind and photovoltaic energy in Spain, Portugal and the UK.
The Spanish Electric Company signed an electricity agreement with Italian companies such as Bticino, Acciaierie Venete, Prima’s sole component and Bayer, totaling 50MW.
Iberdrola’s partnerships extend beyond Italy and have established strategic alliances with companies such as Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone.
In December 2024, Iberdrola received a €100 million green loan from EIB, guaranteed by SACE [the Southern Alliance for Clean Energy] According to the Akimede plan, a photovoltaic factory was built in Sicily, Italy.
This marks the first EIB-iberdrola collaboration supported by SACE. The plant will be operational in 2025 and aims to improve Italy’s renewable capacity and support EU climate goals.
Originally created and released the “Iberdrola signs 1,000GWH PPA” brand Power Technology.
The information on this website is included in sincerity only for general information purposes. It is not intended to rely on the advice you should rely on, and we do not provide any representation, warranty or warranty that express or imply its accuracy or completeness. You must take or avoid any action based on the content on our website to obtain professional or professional advice.
