The PPA, which will last ten years, ensures that the electricity consumed by Cellnex comes from renewable sources, a fundamental step in meeting its energy objectives. This alliance has also made it possible to build three photovoltaic solar farms in Albacete and a wind farm in Cuenca (both in Spain), with a total capacity of 200 megawatts, equivalent to the power consumption for 114,000 homes. Under this agreement, Cellnex not only ensures access to energy from renewable sources, but also contributes to developing new renewable assets in Spain and to meeting its goals for the development of new renewable capacity as set out in the Integrated Energy and Climate Plan (PNIEC).
Signing this agreement contributes significantly to the various renewable energy purchases and energy efficiency initiatives that Cellnex has undertaken in recent years. The agreement reinforces the strategy for achieving the targets defined by Cellnex and approved by the Science Based Targets Initiative (SBTi), while contributing to its goal of becoming carbon neutral by 2035 and Net Zero by 2050. Cellnex has more than halved its emissions since 2020 thanks to this type of initiatives.
“This agreement, signed with Elawan, allows us to strengthen our commitment to sustainability and reinforce our emissions reduction goals, and also ensures that we can contribute to the addition of new renewable capacity to the national energy grid, something which benefits not only our own company, but also contributes to global decarbonisation goals,” says Mila Rey, Global Head of Energy at Cellnex.
