Spanish energy company Iberdrola has announced a deal with telecommunications giant Vodafone to provide renewable energy across three countries.

The deal will see Iberdrola provide 410 gigawatt-hours (GWh) of renewable solar photovoltaic (PV) energy to Vodafone’s operations in Spain, Portugal and Germany.

The news comes off the back of an agreement announced last week centred around Vodafone’s German operations, which will see the company take 100% of the energy produced at Iberdrola’s Boldekow PV plant. Boldekow’s production will total 56MW at peak output. Boldekow, Iberdrola’s first plant in Germany, is set to begin full-scale production by 2024.

Meanwhile, Vodafone’s Spanish operations will receive 280 GWh per year from Iberdrola’s Cedillo PV plant, and in Portugal it will take an unspecified amount from the Velilla PV park. Cedillo was commissioned in August 2022, while Velilla is still under construction with commission set for 2025.

Aitor Moso, Iberdrola global director of clients, said: “As a global developer of clean energy, we have projects around the world that allow us to support multinational companies like Vodafone who are committed to sustainability right across their business operations.”

Moso continued: “Agreements with progressive businesses like Vodafone are increasingly important in allowing new renewables projects to be built, and we now look forward to accelerating the delivery of these solar PV plants.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal comes in the same week that Iberdrola signed an agreement with the Spanish Business Association for the Development and Promotion of Electric Mobility (AEDIVE) to proliferate the electrification of heavy road transport.

The alliance covers all forms of heavy road transport, including commercial transport, and aims to decarbonise operations in the sector. It includes participants from all parts of the value chain, which will collaborate to position the group as a leader in electrification. It will also see the AEDIVE partners, which include Bosch, bp, Repsol and Huawei, formulate a road map to electrification that the companies will use to accelerate decarbonisation regulations.