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Iberdrola S A : signs a 10-year electricity supply agreement with Gonvarri Industries for its sites in four European countries
Iberdrola S A : signs a 10-year electricity supply agreement with Gonvarri Industries for its sites in four European
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News 21.05.2026 Iberdrola signs a 10-year electricity supply agreement with Gonvarri Industries for its sites in four European countries PPAs Go to Tab Photos Go to Tab Photos The electricity supplied will come 80% from wind farms and 20% from solar photovoltaic installations. Iberdrola signs a 10-year electricity supply agreement with Gonvarri Industries for its sites in four European countries [PDF] The Power Purchase Agreement (PPA) signed provides for 26,000 MWh per year for eight production sites belonging to the multinational specialising in metal solutions for a more sustainable future This partnership demonstrates both companies' commitment to a more competitive and sustainable production model, based on a reliable and secure supply of European-sourced energy at stable prices, which contributes to decarbonisation Gonvarri Industries and Iberdrola are giving new impetus to the electrification of industry in Europe with the signing of a 10-year renewable energy purchase agreement ( Power Purchase Agreement or PPA), c overing 26,000 MWh of electricity annually , linked to eight production centres of the multinational specialising in metal solutions for a more sustainable future, located in four European countries, as well as the acquisition of guarantees of origin for 100% of these facilities' electricity consumption. This collaboration highlights the value of such contracts in moving towards a more competitive and sustainable production model , thanks to the guarantee of a reliable and secure supply of European origin at stable and predictable prices, which contributes to the decarbonisation of the production sector. 80% of the electricity supplied comes from wind farms and 20% from solar photovoltaic installations , with guarantees of origin, and is supported by an installed capacity of 15 MW from Iberdrola. Thanks to this agreement, Gonvarri Industries reinforces its commitment to electrification and the use of renewable energy in its European operations, ensuring a stable and competitive supply that helps improve energy efficiency and reduce the group's carbon footprint. For Iberdrola, the partnership consolidates its position as a leading partner to the European industrial sector and expands its portfolio of long-term supply contracts. Europe's leading electricity company and one of the world's two largest by market capitalisation maintains its leadership in the European PPA market , according to the Pexapark Renewables Market Outlook 2026 report, which places it at the top of the ranking for the third consecutive year. It has agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil and Australia, backed by its onshore and offshore wind, solar and generation mix , which ensures supply at competitive prices. These agreements form part of Iberdrola's strategy to drive the electrification of industry , strengthen stable relationships with major customers and contribute to a more secure, efficient and sustainable energy system, capable of meeting growing demand. Josu Calvo , CEO of Gonvarri Industries, said: "This agreement represents a significant step forward in our sustainability strategy, as it enables us to drive the electrification of our production processes using renewable energy and to make progress towards the decarbonisation of our industrial operations." David Martínez , Head of Iberdrola Spain's Customer Business, emphasised: "Through partnerships such as this, we contribute to the stability and competitiveness of industry by providing long-term certainty regarding a sustainable and secure energy supply. PPAs are a key instrument for bolstering investment and productive activity and advancing the electrification of the economy."