Iberdrola has signed a Power Purchase Agreement with Euskaltel to supply electricity produced from renewable sources on a long term basis.
This contract will save Euskaltel from releasing 7,740 tons of CO2 a year and will mean a step forward in the economic decarbonisation strategy.
For Ángeles Santamaría, the Managing Director of Iberdrola Spain, "PPAs represent a huge opportunity for developing clean energy sources - the ones that will shape the future of the world's power. Renewables have proven their competitive advantage and their ability to supply power at affordable and stable prices. In the long?term, PPAs - which are already highly developed in English speaking markets - will rise as an instrumental tool in managing the power supply for large consumers who are committed to achieving green and sustainable consumption."
The Managing Director of the Euskaltel Group, Francisco Arteche, stressed that environmental excellence is a key priority for all three of the companies involved: Euskaltel in the Basque Country, R in Galicia and Telecable in Asturias. "We aim to build a sustainable future for people and for the planet. This agreement represents a step froward in our environmental commitment and our support for policies that foster best environmental practice within our organisation, as we strive to comply coherently and responsibly with the 2030 Agenda guided by the 17 Sustainable Development Goals defined in the Paris Agreement."