Potential offtaker

Iberdrola SA

www.iberdrola.com

N/A
N/A
Which other companies from Spain are actively involved in decarbonization initiatives?
  • NH Hotel Group
  • Global Via Infraestructuras S.A.
  • Cellnex Telecom S.A.
  • Abertis Infraestructuras
  • Nechi Group
  • Pescanova, S.A.
  • Iberdrola SA is a Spanish multinational power company that operates in the power generation sector. The company is committed to decarbonisation and has been investing heavily in renewable energy sources to reduce its carbon footprint. Iberdrola SA is one of the largest producers of wind energy in the world and has a significant presence in the solar energy market as well.

    The company's commitment to decarbonisation is reflected in its corporate energy strategy. Iberdrola SA has set ambitious targets to reduce its carbon emissions and increase its renewable energy capacity. The company plans to achieve carbon neutrality by 2050, and its current renewable energy capacity is already equivalent to the annual electricity consumption of over 100 million people.

    One of the key strategies that Iberdrola SA is using to achieve its decarbonisation targets is the use of corporate power purchase agreements (PPAs). Corporate PPAs are long-term contracts between energy producers and consumers, where the consumer agrees to purchase a certain amount of renewable energy from the producer. Iberdrola SA has been a pioneer in the use of corporate PPAs and has signed agreements with several large corporations, including Amazon, Nike, and Coca-Cola.

    Corporate PPAs provide a win-win solution for both the producer and the consumer. The producer benefits from a stable revenue stream, which helps to finance new renewable energy projects. The consumer benefits from a reliable and cost-effective source of renewable energy, which helps to reduce their carbon footprint and meet their sustainability targets.

    Iberdrola SA's commitment to renewable energy is reflected in its investment in wind energy. The company has a significant presence in the global wind energy market and is one of the largest producers of wind energy in the world. Iberdrola SA has over 16,000 MW of installed wind energy capacity, which is equivalent to the annual electricity consumption of over 10 million households.

    The company's investment in wind energy has been driven by its belief that wind energy is one of the most cost-effective and reliable sources of renewable energy. Wind energy is also a key component of Iberdrola SA's strategy to decarbonise the energy sector. The company believes that wind energy will play a critical role in reducing carbon emissions and achieving carbon neutrality.

    In addition to wind energy, Iberdrola SA is also investing heavily in solar energy. The company has a significant presence in the global solar energy market and is one of the largest producers of solar energy in the world. Iberdrola SA has over 1,500 MW of installed solar energy capacity, which is equivalent to the annual electricity consumption of over 500,000 households.

    The company's investment in solar energy has been driven by its belief that solar energy is one of the most versatile and scalable sources of renewable energy. Solar energy can be deployed in a wide range of settings, from large-scale utility projects to small-scale residential installations. Solar energy is also a key component of Iberdrola SA's strategy to decarbonise the energy sector.

    In conclusion, Iberdrola SA is a Spanish multinational power company that operates in the power generation sector. The company is committed to decarbonisation and has been investing heavily in renewable energy sources to reduce its carbon footprint. Iberdrola SA is one of the largest producers of wind energy in the world and has a significant presence in the solar energy market as well. The company's commitment to decarbonisation is reflected in its corporate energy strategy, which includes the use of corporate PPAs to increase its renewable energy capacity. Iberdrola SA believes that renewable energy, particularly wind and solar energy, will play a critical role in reducing carbon emissions and achieving carbon neutrality.

    ✓ Climate Action 100+ company
    ✓ Science Based Targets member
    ✓ Declared Net Zero commitment
    Decarbonization Roadmap for Production of electricity: Key Insights and Solutions

    Which companies in the industry of Production of electricity have made significant pledges or efforts to address global warming?
  • Contact Energy
  • Drax Group plc
  • Abu Dhabi National Energy Company
  • Malakoff Corporation Berhad
  • NRG Energy, Inc.
  • Alperia SpA