Iberdrola will supply clean energy to Italian supermarkets Tosano
Iberdrola continues its commitment to the decarbonisation of the planet. The company will supply clean energy on a long-term basis through a PPA (long-term renewable energy contract) to Tosano supermarkets, which today has more than 19 hypermarkets and around 4,000 employees.
The PPA (Power Purchase Agreement) provides for the supply of energy for 10 years through Iberdrola's photovoltaic plants.
The agreement will allow Iberdrola to supply Tosano with part of the production of its own photovoltaic system, for an estimated annual consumption of 20 GWh, thus helping to increase the company's energy security, energy independence and accelerate its path towards decarbonisation.
A clear choice that projects Tosano into the future, driving decarbonisation and sustainability goals throughout the Northeast, areas where it is present with its shops, thanks to a reduction of CO2 emissions of about 6,000 tonnes per year. From Verona to Vicenza, from Brescia to Venice, from Udine to Ferrara, Tosano supermarkets will be powered by green energy, thanks to the agreement signed.
With the inauguration of its second operational plant and the completion of four plants already authorised and under construction, Iberdrola will have an operational capacity of 400 MW in Italy by 2025.
An agreement based on common values and objectives
Andrea Tosano, president of Supermercati Tosano, said: "Supermercati Tosano's medium-term Energy Plan foresees to continue with conviction on the path of energy production from renewable sources, increasing installed capacity, in order to steadily increase the share of self-production in the total consumption of clean energy".
"We are pleased to see that companies are starting to understand the importance of sourcing from renewable sources. An important choice not only for environmental sustainability, but also for the company itself," commented Lorenzo Costantini, Country Manager of Iberdrola Clienti Italia. "Off-site PPA agreements, such as the one recently signed with Tosano, allow us to stabilise the price of energy in the long term and from renewable sources, eliminating the volatility inherent in the use of fossil fuels linked to energy supply".
Leading the PPA market
Iberdrola has extensive experience in PPAs and manages long-term power purchase and sale agreements in markets such as Spain, the United Kingdom, the United States, Mexico and Australia, from onshore wind and photovoltaic projects.
More than a decade ago, the group began to develop this type of agreement and today Iberdrola is the leader in the PPA ranking in Europe, according to the consultancy firm Pexapark.
Iberdrola has 90% of its energy sold, which it plans to generate between 2023 and 2025, mainly through PPAs, providing the company with long-term, sustainable energy visibility.
