The multinational pharmaceutical company Sandoz has signed a long-term corporate power supply contract with long-term corporate power supply contract with Elawan Energy with Elawan Energy, an independent power producer and global developer of renewable solutions. The ten-year agreement supports the deployment of photovoltaic parks with a total capacity of 150 megawatts in the region.
Power supply for the pharmaceutical company Sandoz
The agreement will allow Sandoz to cover approximately 90% of its electricity consumption of its European operations with electricity electricity from clean sources.. This action reinforces its carbon footprint reduction plan and is in line with the company’s global climate neutrality goals.
Elawan Energy will provide its expertise in the development, construction and management of solar PV projects. photovoltaic solar energyprojects, guaranteeing a stable and competitive supply. For its part, Sandoz incorporates this initiative into its corporate sustainability strategy, consolidating its position as a benchmark in the adoption of green electricity within the healthcare sector.
Solar energy in the heart of Castilla y León
The solar farms will be located in Valladolid and other areas of Castilla y León, a region with ideal conditions for photovoltaic generation. These facilities are expected to enter into commercial operation in a staggered manner, contributing to clean electricity supply in the Iberian market.
This partnership adds to a growing portfolio of clean energy contracts involving companies from different production sectors in Europe. With this step, Elawan Energy strengthens its position as a provider of large-scale energy solutions, while Sandoz advances towards its decarbonization goals endorsed by international initiatives such as the Science Based Targets Initiative.
Source: Elawan
Photo: Shutterstock
