ACCIONA Energía announced a new power purchase agreement (PPA) to supply 80GWh/year of 100% renewable electricity to Iberostar Group for 11 years. This supply will meet all the electricity needs of Iberostar offices and hotels, as well as those of its World2meet travel division across Spain.
The electricity will be sourced from ACCIONA Energía’s renewable energy facilities in Spain and will come with certified guarantees of origin. The agreement also includes direct access to energy traceability through GREENCHAIN®, ACCIONA Energía’s Blockchain-based platform that allows real-time tracking of the energy’s renewable origin.
By consuming clean energy, Iberostar Group will avoid the emission of 8,000 tons of CO2 annually.
This agreement helps Iberostar Group advance its sustainability objectives and move closer to achieving carbon neutrality by 2030. In 2023, Iberostar Group achieved a 12% reduction in its Scope 1 and 2 emissions globally compared to 2019, and it continues to support renewable energy consumption and the electrification of its hotels as key strategies for energy efficiency and decarbonization.
For ACCIONA Energía, this agreement marks further progress in its commercial strategy to increase medium-to-long-term PPAs with corporate customers, aiming to keep around 80% of its volume under contract rather than in the wholesale market. It also strengthens ACCIONA Energía’s role as a strategic partner for decarbonization and reinforces its leadership in sustainability.
