For the second consecutive year, Iberdrola leads the European power purchase agreement market (PPA) with 1251MW in 2024, a 38% increase compared to 2023, according to the Pexapark Renewables Market Outlook 2025 report. The company, Europe’s largest utility by market capitalisation, signed 15 agreements in 2024 on the European continent alone.
Iberdrola has taken advantage of its renewable potential to provide stable, competitive and long-term prices to the industry. “The utility’s geographic footprint expanded across five countries, covering key technologies,” says Pexapark.
In Iberia, agreements were announced with Alcampo (Auchan), Burger King, BP, Grespanaria, among others, for about 900MW. In the United Kingdom, it announced the signing of a PPA with Amazon associated with the East Anglia THREE offshore wind farm, as well as another PPA with Co-op supermarkets, associated with a photovoltaic solar plant for about 170MW.
In Germany, the signing of three PPAs with Telefónica, Saltzgitter and Schwenk Zement amount to more than 100MW.
In Italy, agreements were announced with the supermarket chains Tosano and Bticino, with the industrialists Prima Sole Components and Acciere Venete and with the pharmaceutical company Bayer for around 50MW.
Iberdrola also established strategic alliances with a long list of large companies, including Amazon, Apple, Meta, Telefónica, Mercedes Benz, Heineken, Vodafone, Mercadona, TMD, Stahl Holding Saar (SHS), ABInBev, De Acero, VW-SEAT, Renault, Holcim, the Salzgitter Group and Bayer, among others.
The PPA is the ideal tool for customers looking to decarbonise, as it ensures renewable energy at a fixed, stable price in the long term.