MADRID, Feb. 4, 2025 - X-ELIO, a global leader in renewable energy, has signed a multi-buyer Power Purchase Agreement (PPA) with an Energize program cohort. This initiative enables four companies to purchase 245 GWh of renewable energy annually for the next 10 years. The companies involved in this agreement are Thermo Fisher Scientific, Haleon, Gilead Sciences and GSK.
The agreement has been reached through a virtual PPA, a flexible mechanism that allows companies to source clean energy in support of their decarbonization goals. The energy will come from 35% of X-ELIO's Lorca Solar project, which has a total capacity of 369 MW and is expected to be operational by early 2026.
Mirko Molinari, Chief Commercial Officer at X-ELIO, highlighted: "The signing of this virtual PPA reaffirms our commitment to offering personalized net-zero solutions adapted to the needs of our partners. We are delighted to collaborate with the landmark program Energize and contribute to its ambitious goal to decarbonize the supply chain of the pharmaceutical and healthcare sectors."
Social and local commitment
X-ELIO integrates social and local responsibility into all its projects worldwide. For the Lorca Solar project, the company has developed a comprehensive Community Plan that includes various initiatives designed to benefit the local region. These include donations of books, musical instruments, and sustainable furniture to schools; the establishment of virtual classrooms; professional training programs; and sponsorship of key cultural and sporting events.
About Energize
The Energize program is a supply chain renewables initiative designed and delivered by Schneider Electric Sustainability Business and is endorsed by the Pharmaceutical Supply Chain Initiative (PSCI).
Current sponsor companies include: Almirall, Amgen, AstraZeneca, Bayer, Boehringer Ingelheim, Bristol Myers Squibb, Charles River Laboratories, Chiesi Group, GSK, Haleon, Johnson & Johnson, Kenvue, Merck (known as MSD outside the United States and Canada), Merck KGaA, Darmstadt, Germany, Novartis, Novo Nordisk, Pfizer, Roche, Sandoz, Sanofi, Schott, Takeda, Teva, and UCB.
https://hub.zeigo.com/energize
About X-ELIO
X-ELIO, a Brookfield-owned company, specializes in the development of renewable energy projects with a global presence in Spain, Italy, the United States, Japan, Australia, Latin America and the Middle East. With 20 years of experience and more than 3 GW built, this world-leading company is strongly committed to sustainability, the reduction of greenhouse gases, and the fight against climate change.
For more information, please visit our website at www.X-ELIO.com, our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our Twitter profile at https://twitter.com/X_Elio.
Press contacts
X-ELIO
Isabel Ruiz
press@x-elio.com
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