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February 7, 2019updated 28 Jul 2020 12:03pm

Nike signs PPA with Iberdrola for European facilities

Nike has signed a power purchase agreement (PPA) with Spanish electric utility Iberdrola to supply clean electricity for the sports brand's European facilities. 

Nike has signed a power purchase agreement (PPA) with Spanish electric utility Iberdrola to supply clean electricity for the sports brand’s European facilities.

Under the PPA, Iberdrola will supply 40MW of clean energy from its Cavar wind complex in Navarra, northern Spain. Energy generated will go to Nike’s European sites.

Iberdrola is planning to begin construction works at the complex, which will see four projects completed by 2020 with an overall capacity of 111MW.

Iberdrola Renewables director Xabier Viteri said: “Large businesses with a focus on sustainability are showing that they can be a positive force in tackling climate change. More and more we are seeing companies set themselves tough carbon reduction goals, and Nike is showing leadership in taking action to deliver on those goals.

“The additional renewable energy that we are building to secure PPA agreements not only directly benefits the sustainable partners we are working with, it also benefits wider communities by increasing the amount of emission-free electricity being generated.

“There is a strong market in Europe for renewable PPA deals, and we anticipate securing further agreements in a number of countries in the months ahead.”

“More and more we are seeing companies set themselves tough carbon reduction goals.”

It is the third PPA between the companies in the past three years. The latest PPA will build on previous agreements between the companies in the US.

The latest deal takes the total amount of renewable energy supplied to Nike to more than 200MW.

Nike chief sustainability officer Noel Kinder said: “All athletes need fresh air and clean water to thrive. Delivering on our sustainability commitments, like working towards 100% renewable energy across our owned and operated facilities worldwide, is just one of the ways we protect the future of the sport.

“In 2018, we announced that we had contracted for 100% renewable energy in North America, and this latest agreement means we will be operating on 100% renewable energy across Europe by 2020. This means we are delivering against more than 75% of our worldwide goal.”

In October last year, Iberdrola opened its €1.4bn Wikinger offshore windfarm, which is located off the north-east coast of German island Rügen.

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