Iberdrola has signed a power purchase agreement (PPA) with Pam Panorama, a long-established Italian hypermarket and supermarket chain, to supply a total of 1,000 GWh of renewable energy. Under the agreement, Pam Panorama will receive electricity generated from photovoltaic sources to power its Pam, Panorama, Pam Local, and Pam City outlets across Italy.
This partnership enhances competitiveness and accelerates electrification while significantly reducing carbon emissions. The shift to solar energy is expected to cut CO₂ emissions by more than 38,300 tonnes annually—equivalent to the energy needs of approximately 40,300 households.
By 2025, Iberdrola will have an installed capacity of around 400 MW in Italy, driven by the inauguration of its third operational plant and the completion of four additional photovoltaic projects currently under construction.
For the second consecutive year, Iberdrola has been recognised as the leader in the European PPA market, according to the Pexapark Renewables Market Outlook 2025 report. The company has secured contracts for 1,251 MW of renewable energy capacity—an increase of 38% compared to 2023.
Iberdrola España has also announced 15 new agreements across Europe with major corporations, including Amazon, for wind and solar PPAs in Spain, Portugal, and the UK, as well as the East Anglia Three offshore wind farm. Additionally, the company has signed agreements with Italian firms such as BTicino, Acciaierie Venete, Prima Sole Components, and Bayer for a total of around 50 MW.
As Europe’s largest electricity company by market value, Iberdrola continues to strengthen partnerships with global firms such as Microsoft, Meta, Salzgitter, Mercedes-Benz, and Vodafone. These agreements highlight the growing importance of PPAs as a key instrument for industrial electrification, ensuring a stable and fixed price for renewable energy over the long term.
