One of the world’s renowned suppliers of plastic packaging solutions, Berry Global, Inc. will soon be powering its plants located in Spain, with climate-friendly solar electricity, under a Power Purchase Agreement (PPA) signed with Axpo Iberia (Axpo).
The U.S.-based company - Berry Global, Inc. will be supplied with electricity over a ten-year period from a new 50 MW plant, which is to be built by Spanish project developer - Solaria. Due for completion by the end of 2021, the new 50 MW plant is part of the 626 MW Trillo solar power project, which will be the largest solar park in Europe, once it is completed.
Axpo - Berry Global partnership
The signing of the long-term contract with Axpo Iberia is integral to Berry Global’s sustainability strategy in Spain
The signing of the long-term contract with Axpo Iberia is integral to Berry Global’s sustainability strategy in Spain. The company has committed to a 25% reduction in its emissions by 2025 compared to 2019 levels.
The PPA also secures green power for its plants, which manufacture innovative plastic and nonwoven products, and ensures that local renewable energy infrastructure is strengthened in Spain.
Rodgers Greenawalt, the Executive Vice President (EVP) of Operations at Berry Global, Inc., said “This contract is one of many steps we are taking to reduce our carbon emissions. Not only does it ensure that we are manufacturing our products in a climate-friendly way, but it also reduces our customers' emissions, at the same time and makes a substantial contribution to the expansion of renewable energies.”
Power Purchase Agreement (PPA) signed
Under the Power Purchase Agreement (PPA) signed with Axpo Iberia, Berry Global, Inc. is supporting the construction of the giant 626 MW Trillo solar park in Guadalajara, Spain. This will improve Berry Global’s carbon footprint in Spain by around 20,000 tons per year.
Construction of Trillo’s individual power plants, each with an installed capacity of around 50 MW, commenced at the beginning of May. The solar park is being developed by Solaria and is scheduled for completion towards the end of 2021.
Implementation of sustainability strategy
With this PPA, Berry Global implements its sustainability strategy and benefits from a fixed price for the ten-year period"
Ignacio Soneira, the Managing Director of Axpo Iberia, said “With this PPA, Berry Global implements its sustainability strategy and benefits from a fixed price for the ten-year period. For Axpo Iberia, the agreement is also of great importance, as it allows us to strengthen our position in the market, as a competitive and reliable partner for corporate PPAs, in the long term.”
Axpo Iberia offers its customers a broad portfolio of solutions for long-term energy management in the renewable energy sector. This has enabled Axpo’s Spanish subsidiary to sign long-term contracts for the supply of more than 7 TWh of electricity from renewable sources, since the beginning of 2021.
Long-term power purchase agreements
Long-term power purchase agreements are an important growth area in the energy sector. Power Purchase Agreements (PPAs) have become a megatrend throughout Europe, due to cuts or elimination of government subsidies for renewable energies, and the sharp drop in the cost price of new plants.
The demand for PPAs and innovative energy services will continue to increase, in the course of the rapid expansion of renewable energies. Axpo has in-depth expertise in the field of PPAs and supports numerous corporate customers in around 40 markets on their way to lower CO2 emissions.
