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Exolum will cover 63% of its energy needs in Spain with renewable energy agreements

Exolum has taken another step forward in its strategy to achieve zero net emissions by ensuring that 63% of the company’s total energy consumption in Spain, originates from self-consumption photovoltaic energy and long-term agreements for the supply of renewable energy.

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The company has recently signed two new long-term renewable power purchase agreements (PPA).

The first is a solar PPA which will provide 7 GWh per year from 2025 to 2034 and the second is the first wind PPA to be signed by the company, which will supply 60 GWh per year from 2026 to 2035.

These new agreements, which will furthermore prevent the emission of almost 17,000 tonnes of CO2 per year, are in addition to two other agreements already signed by the company.

This push for sustainable energy forms part of the ESG Master Plan which contemplates the commitment to become a carbon neutral organisation by 2040.

To achieve this, the Group is implementing an ambitious strategy to reduce its carbon footprint.

This contemplates the construction of new self-consumption photovoltaic plants, which will enable the company to reduce its emissions whilst at the same time reducing the cost associated with the electricity bill, and the signing of PPAs that guarantee the supply of 100% renewable energy.

The company has four self-consumption solar plants in operation at its facilities of Mora (Toledo), Barcelona, Algeciras and Huelva and is building another two at its facilities in Poblete (Ciudad Real) and Arahal (Seville).

In the United Kingdom, Exolum also has a photovoltaic plant in Hallen, which supplies 76% of the energy used at this facility, and it has recently commissioned another solar farm in Misterton. Thus, Exolum is also able to continue increasing the use of clean energy in the British Isles.