All the European investment, retail, real estate, office and industry news in English language

Monday | November 30 | 2020

Enel Green Power and Novartis strike deal for renewable energy agreement

Enel Green Power and Novartis have signed a 10 year, 100% renewable Virtual Power Purchase Agreement (VPPA) for 78 MW of renewable power.

This Pan-European VPPA will start in January 2022 and will help Novartis achieve its goals for 100% renewable electricity and carbon-neutrality across its European operations by 2025.

The energy through this VPPA will be generated by the 179.9 MW TICO Wind Farm, located in the Spanish province of Zaragoza, which will be operational in early 2022.

Through the agreement, the renewable energy provided to Novartis will avoid the annual emission of around 96,400 tons of CO2 into the atmosphere.

- Advertisment -