EDP Renováveis teams up with P&G

EDP Renováveis and Proctor & Gamble have signed a 15-year wind and solar energy acquisition contract for 127.5 MW.

The contract, which will reduce greenhouse gas emissions by 130,000 tonnes of CO2 per year, involves two renewable energy projects that will come on line in 2023.
The two energy parks will be in Penaflor (Valladolid), with 100 MW of installed solar energy and Sierra de la Venta (Albacete) with an installed wind energy of 47.5 MW (27.5 MW with P&G) while the remaining 20 MW were secured through a wind and solar contract announced in May, 2021.
With the new agreement, EDP now has 0.6 GW of assured installed capacity in Spain for 2021 and beyond.
“We are very pleased to have signed a long term power purchase agreement (PPA) with a company of international renown such as Proctor & Gamble. We will work with them to ensure that the projects involved in this PPA create the greatest positive environmental and social impact in the surrounding area among the local communities,” said the CEO of EDP Renováveis, Miguel Stilwell.
“These new renewable energy parks in Spain will provide 40% of the energy necessary to supply P&G factories all over Europe,” he said.
The agreement is part of P&G’s sustainability strategy which it recently presented with its Climate Transition Action Plan which aims to achieve zero net CO2 emissions across the entire operations and supply chain to 2040.