Enel Green Power and Novartis have signed a 10-year, 100 percent renewable Virtual Power Purchase Agreement (VPPA) for 78 MW of renewable energy.
This Pan-European VPPA will begin in January 2022 and will help Novartis meet its 100 percent renewable energy and carbon neutrality targets across its European operations by 2025.
The energy from this VPPA will be provided by the 179.9 MW TICO wind farm, located in the Spanish province of Zaragoza, which will be operational at the beginning of 2022. Under the deal, the clean energy supplied to Novartis would prevent an annual emission of about 96,400 tons of CO2 into the atmosphere.
“Novartis is a leading company in environmental and sustainability matters. As Enel Green Power, we are very proud to be a strategic partner and the Green Enabler of part of a major milestone of their journey to be carbon neutral across operations and the company’s supply chain. With this deal, Novartis is showcasing the possibilities that Pan-European VPPAs can offer to companies committed to fighting climate change in the continent.“Javier Vaquerizo, head of global commercial office for Enel Green Power.
“At Novartis, environmental sustainability is aligned with our purpose to reimagine medicine to improve and extend people’s lives. Energy efficiency and renewable energy solutions are the cornerstones of our strategy for reducing emissions. We are proud to be joined by Enel Green Power and other like-minded partners on our environmental sustainability journey.“Montse Montaner, chief sustainability officer at Novartis.