Introduction:
In a groundbreaking move towards a sustainable future, Iberdrola España has partnered with Alcampo, one of Spain's leading retail chains, to supply clean energy to all its stores. This collaboration not only marks a significant step in the decarbonization of the Spanish economy but also sets a precedent for the retail industry's commitment to environmental responsibility. This blog delves into the details of this partnership, its implications, and the role of renewable energy in the fight against climate change.
Greening the Supply Chain:
Iberdrola España's commitment to providing 3,740 GWh of green energy to Alcampo through a long-term Power Purchase Agreement (PPA) is a testament to the growing trend of corporate sustainability. The energy, equivalent to the consumption of 62,000 Spanish families per year, will be sourced from Iberdrola's photovoltaic installations, including the 350 MW Velilla plant and the 200 MW Tagus I-IV parks. This initiative not only ensures energy security and price stability for Alcampo but also promotes the use of clean energy in the retail sector.
A Milestone in Corporate Sustainability:
Alcampo's journey towards sustainability began in 2008, with significant strides made in recent years. By 2018, the company had transitioned to using 100% renewable energy in its establishments, achieving zero net emissions in scope 2 of its Carbon Footprint by 2019. The recent partnership with Iberdrola España aligns with Alcampo's ambitious targets approved by the SBTi, aiming for a 46% reduction in emissions by 2030 and achieving climate neutrality by 2043. This commitment positions Alcampo as a frontrunner in the global effort to limit temperature rise to no more than 1.5ºC.
Leading the Charge in Renewable Energy:
The Iberdrola Group, with Iberdrola España as a key component, has established itself as a leader in the PPA market, managing long-term agreements across various regions and from diverse renewable sources. This strategic approach has given Iberdrola a competitive edge, with around 90% of the energy sold planned to be generated between 2024 and 2025. The group's leadership in PPAs reflects its dedication to delivering sustainable energy and driving the transition to a low-carbon economy.
Conclusion:
The partnership between Iberdrola España and Alcampo is a significant milestone in the journey towards a more sustainable and decarbonized economy. By embracing renewable energy, Alcampo is not only reducing its environmental impact but also setting an example for other corporations to follow. As we move forward, businesses must prioritize sustainability and collaborate with key players in the renewable energy sector to achieve a greener future.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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