Spanish energy utility Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant.
The new agreement will allow Iberdrola to supply Burger King with a total of 1,500 GWh of power annually. Iberdrola will allocate 75MW of the solar PV plant’s capacity to meet Burger King’s demand from over 750 restaurants.
“Renewables have proven their ability to supply energy at affordable and stable prices, and long-term PPAs have become a useful tool for managing the electricity supply of large consumers who are committed to green and sustainable consumption. Such long-term agreements are increasingly important to enable progress in decarbonization and sustainability of the economy,” said David Martínez, Iberdrola España’s director of customer business.
According to Iberdrola, the solar PV plant, dubbed Francisco Pizarro, has more than 1.49 million modules, 13,700 trackers, and 313 inverters, with an investment of more than €300 million (US$326.41 million). Other businesses that signed PPAs with Iberdrola for this solar PV plant include beverage company PepsiCo, pharmaceutical company Bayer and food-products corporation Danone.
Earlier this year, Iberdrola signed a PPA with retailer Alcampo to supply power from two solar PV plants with a combined capacity of 550MW. Under the agreement, Iberdrola will supply Alcampo with 3,740GWh of electricity annually for 11 years. The power will come mainly from the 350MW Velilla solar PV plant in Palencia and the 200MW Tagus I-IV solar PV parks located in Alcántara (Cáceres).
Iberdrola Set To Supply RE To Burger Kings Restaurants In Spain
