- 1,000 GWh of renewable power: Iberdrola will supply green electricity to Pam Panorama’s supermarkets across Italy.
- 38,300 tonnes of CO2 reduction: The deal accelerates decarbonization, cutting emissions equal to 40,300 households’ energy needs.
- Iberdrola leads in PPAs: It remains Europe’s top corporate PPA provider, securing 1,251 MW in contracts—a 38% rise from 2023.
Iberdrola and Italian retail giant Pam Panorama have signed a long-term power purchase agreement (PPA) to supply 1,000 GWh of photovoltaic energy to Pam, Panorama, Pam Local, and Pam City stores.
Why it matters:
The agreement boosts Pam Panorama’s competitiveness and accelerates its electrification strategy while securing cost-stable green energy.
“PPAs are a key tool for industrial electrification, offering companies stable and predictable energy pricing,” Iberdrola stated.
RELATED ARTICLE: Iberdrola Places €800 Million Hybrid Green Bond with 3.75x Oversubscription
Iberdrola’s Growing Footprint
- By 2025, Iberdrola will have 400 MW of installed capacity in Italy with new solar projects coming online.
- The company has secured 15 European PPAs with major firms, including Amazon, BTicino, Bayer, and Acciaierie Venete.
- Tech and industrial giants like Microsoft, Meta, Mercedes-Benz, and Vodafone continue to lock in long-term renewable energy deals with Iberdrola.
Zoom out:
Iberdrola remains Europe’s top PPA player, driving corporate electrification and reinforcing renewable energy stability in the market.
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