Multi-tiered business conglomerate Grupo Violas in Portugal has signed a long-term renewables deal to cover 100 percent of its energy use.
Grupo Violas signed the 10-year renewables power purchase agreement with Spain’s Acciona Energia. Acciona will deliver more than 55,000 MWh of wind and solar-powered electricity to Violas’ subsidiaries including Clip, Solverde and Cotesi.
“This deal is part of our commitment to sustainability and the decarbonization of our activity,” said Manuel Violas, President of Grupo Violas. “Our subsidiaries are already implementing a wide range of programs to reduce their activity’s ecological footprint, such as Cotesi’s internal system to reintroduce the 100-percent of production waste into new products, and its R&D initiatives to reduce the use of plastic.”
The source of the energy will be verified through certificates of 100-percent Renewable Guarantees of Origin issued by EEGO platform of Portugal’s electricity group REN.
Acciona Energía has 166 MW of renewable generation assets in Portugal, including wind and solar installations. The company’s portfolio in the country includes 16 wind farms and the 46-MW Amareleja solar power plant.
“This long-term contract brings competitive advantages for our customer, as it provides price stability at a time when the market is very volatile and makes a significant contribution to their climate objectives,” Alexandre Kisslinger, Director of Acciona Energía in Portugal, said.
This agreement is expected reduce Grupo Violas’ CO2 emissions by more than 10,000 metric tons per year, equivalent to planting 18,000 trees or removing 4,000 vehicles from circulation.
“This is another step towards our climate goals. The use of clean electricity will reduce our dependency on natural gas, while ensuring competitive energy prices for the next 10 years,” Violas added.