“Five years in advance, the new contract guarantees the company the possibility of bringing forward investments of around BRL 6 billion until 2029, speeding up improvements to the electricity system and benefiting more than four million customers throughout the state”.
“With this agreement with Renfe, we can highlight electrification without emissions in transport, which is responsible for more than a third of all energy consumed in our country. Partnerships such as this one are essential to support the development of a renewable electricity mix. The PPAs, through their different modalities, are a key tool for customers who want to secure renewable energy at a fixed, long-term price”, David Martínez, director for clients in Spain at Iberdrola, said in a media release.