Iberdrola S A: signs long-term agreement in Italy to supply renewable energy to Pam Panorama

photovoltaic energy PPAs Italy Iberdrola International

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The agreement will prevent the emission of more than 38,300 tonnes of CO₂ per year

Iberdrola Italia, the Iberdrola Group's subsidiary in Italy, has begun supplying renewable energy to Pam Panorama, one of Italy's leading retail groups, under a long-term power purchase agreement (PPA) signed by both companies.

The 10-year agreement provides for the supply of 1,000GWh of certified renewable energy to Pam Panorama's retail network. This energy will come from Iberdrola Fenix, regarded as the largest photovoltaic plant inaugurated by the company in Italy.

The agreement will prevent the emission of more than 38,300 tonnes of CO₂ per year, equivalent to the annual energy consumption of around 40,300 households.

The transaction reinforces Iberdrola's growth and role as a leading energy partner in Italy, a key market for the development of new competitive, traceable and long-term energy solutions focused on electrification.

You can read the full story in the Iberdrola Italia and Iberdrola Energía Internacional Newsroom.