Lonza, a trusted partner of the pharmaceutical, biotech, and nutrition industries, has entered into a ten-year Virtual Power Purchase Agreement (VPPA) with IGNIS.
A VPPA represents a tailored and adaptable solution that caters to the needs of companies like Lonza, which operates in multiple sites. Unlike traditional power purchase agreements, VPPAs offer more flexibility and attract investments in the solar electricity production facilities as they are not linked to photovoltaic production facilities through physical grids. This also helps increase the availability of green power in the market.
IGNIS is a globally recognized integrated renewable energy group based in Spain, specializing in solar power development. As per the VPPA, IGNIS will provide renewable energy to meet Lonza’s electricity demands throughout Switzerland and the European Union.
As an international company, IGNIS is committed to forging partnerships through PPAs with renewable energy projects across the globe. This collaboration with Lonza aligns perfectly with IGNIS’s mission to support industries in their transition toward decarbonization.
Santiago Bordiú, CEO Asset and Energy Management of IGNIS, commented “IGNIS is strongly committed to becoming one of the key Independent Power Producer (IPPs) in Europe and supporting its clients in the energy transition around the world. We are proud to sign this agreement with Lonza and to become one of their renewable energy partners”.
Geert Van Acker, Global Head of Procurement and Supply Chain, Lonza, commented: “Lonza aims to purchase all electricity from renewable sources where available, and this agreement with IGNIS is a major step forward for the Group’s carbon reduction strategy as we work to make meaningful progress towards our climate targets.”
