Under a recent power purchase agreement (PPA) in Germany, Iberdrola will provide Holcim with 250GWh of renewable energy per year from its Baltic Eagle offshore wind farm, currently under construction in the Baltic Sea.
As part of the agreement, the two companies have established a working group to analyse the potential of delivering a broad range of further sustainability-linked projects in Europe and potentially other continents.
Green cement for renewable projects
In the long term, both companies aspire to deploy 100% emissions-free cement to help construct renewable energy projects around the world.
Aitor Moso, director of Iberdrola's retail business, said the agreement will see both companies work to expand their sustainable partnership further in the weeks, months and years ahead.
“To get to a net-zero world, every company and every sector needs to innovate and have a clear and achievable strategy to reduce emissions. Creative partnerships, such as the one we have established with Holcim, will bring together the best ideas from different sectors and help to accelerate the journey to net zero,” he said.
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