ACCIONA Energía has signed an electricity supply agreement (PPA) with Iberostar Group to supply 80GWh/year of 100% renewable electricity over an 11-year period.
This electricity, sourced from ACCIONA’s renewable energy facilities in Spain, will cover the energy needs of Iberostar’s offices and hotels, as well as those of its World2meet travel division, throughout the country.
The electricity supplied will be accompanied by certified guarantees of origin.
In addition, the agreement includes direct access to energy traceability via GREENCHAIN®, ACCIONA’s platform based on Blockchain technology, enabling real-time tracking of the renewable origin of energy.
Thanks to the consumption of this clean energy, Iberostar Group will avoid the emission of 8,000 tonnes of CO2 per year.
This agreement is in line with the hotelier’s sustainability objectives, aiming for carbon neutrality by 2030.
By 2023, Iberostar has reduced its Scope 1 and 2 emissions by 12% compared with 2019, promoting the use of renewable energy and the electrification of its hotels as pillars of its energy efficiency and decarbonization.
For ACCIONA Energía, this agreement reinforces its business strategy aimed at increasing medium- and long-term PPAs with corporate customers, in order to maintain around 80% of its volume under contract, rather than on the wholesale market.
It also consolidates ACCIONA’s role as a strategic partner for decarbonization.
Implications for the Sector
This partnership between ACCIONA Energía and Iberostar Group illustrates a growing trend in the energy sector where companies are looking to secure renewable energy sources over the long term to meet their sustainability objectives.
The agreement also highlights the importance of traceability technologies, such as GREENCHAIN®, in guaranteeing the renewable origin of electricity.
By avoiding 8,000 tonnes of CO2 per year, Iberostar Group is making a significant contribution to the overall reduction of greenhouse gas emissions, while making progress towards its carbon neutrality objectives.
The initiative also reinforces Iberostar’s position as a leader in the sustainable management of energy resources.
Future prospects
The agreement between ACCIONA Energía and Iberostar could serve as a model for other companies seeking to reduce their carbon footprint through similar agreements.
The growing demand for renewable PPAs reflects companies’ increasing awareness of the importance of environmental sustainability.
For ACCIONA Energía, this strategy not only stabilizes revenues over the long term, but also strengthens its market position as a provider of sustainable energy solutions.
For its part, Iberostar Group is demonstrating a clear commitment to sustainability, which could attract more environmentally conscious customers.
