HOUSTON, TEXAS (Energy Analytics Institute, 4.Feb.2025) — X-ELIO signed a multi-buyer Power Purchase Agreement (PPA) with an Energize program cohort that enables 4 companies to purchase 245 GWh of renewable energy annually for the next 10 years.
Companies involved in the agreement include Thermo Fisher Scientific, Haleon, Gilead Sciences and GSK, X-ELIO said 4 Feb. 2025 in an official statement.
The agreement was achieved through a virtual PPA, a flexible mechanism that allows companies to source clean energy in support of their decarbonization goals.
The energy will come from 35% of X-ELIO’s Lorca Solar project, which has a total capacity of 369 MW and is expected to be operational by early 2026.
“The signing of this virtual PPA reaffirms our commitment to offering personalized net-zero solutions adapted to the needs of our partners, X-ELIO CCO Mirko Molinari said in the statement.
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