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Iberdrola inks power purchase agreement with Bayer

Nov 18, 2020 - SNL Energy Finance Daily

Iberdrola signed an agreement to provide power to nine of pharmaceutical company Bayer's sites in Spain.

Iberdrola SA signed an agreement to provide 100% renewable power to nine of pharmaceutical company Bayer AG's sites in Spain.

The Spanish utility will provide electricity generated by its 590-MW Francisco Pizarro photovoltaic facility for 10 years beginning in 2022. The companies agreed that prior to that, Bayer will consume all the electricity it needs without emissions.

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