Iberdrola Signs 10-Year Renewable Power Purchase Agreement With Gonvarri Industries To Advance Industrial Electrification In Europe

Gonvarri Industries and Iberdrola have signed a 10-year renewable energy Power Purchase Agreement designed to accelerate industrial electrification across Europe. Under the agreement, Gonvarri Industries will receive 26,000 MWh of renewable electricity each year to supply eight of its production facilities located across four European countries.

The deal includes guarantees of origin covering all electricity consumed at these sites, ensuring that the energy supplied is fully traceable and renewable.The structure of the agreement demonstrates how long-term renewable PPAs are becoming central to Europe’s shift toward a more competitive, sustainable industrial framework.

By securing stable, predictable pricing and locally sourced renewable power, companies can shield themselves from market volatility while lowering their operational emissions.Most of the electricity supplied—around 80%—will come from wind energy, with the remaining 20% sourced from solar photovoltaic installations. All of this supply is backed by 15 MW of Iberdrola’s installed renewable generation.

For Gonvarri Industries, the PPA firmly supports its broader strategy to electrify production processes and reduce its carbon footprint while maintaining a reliable and competitive energy base for its operations.For Iberdrola, the agreement further strengthens its role as an energy partner for European industry and expands its already significant portfolio of long-term supply contracts.

According to the Pexapark Renewables Market Outlook 2026, Iberdrola continues to be the leading player in the European PPA market for the third consecutive year, with active agreements across Spain, Portugal, Germany, Italy, the UK, the US, Brazil and Australia. Its diversified mix of onshore and offshore wind, solar and other renewable technologies underpins its ability to offer competitive, dependable long-term supply arrangements.

These agreements reflect Iberdrola’s strategy to support large industrial customers in their electrification pathways while contributing to a more resilient and sustainable European energy system. They also play a role in mobilising new renewable investment and enabling industries to navigate rising energy demand with lower emissions and greater cost certainty.

Josu Calvo, CEO of Gonvarri Industries, noted that the agreement is a significant milestone in advancing the company’s sustainability roadmap and decarbonising its operations. David Martínez, Head of Customer Business at Iberdrola España, emphasised that long-term renewable partnerships strengthen industrial competitiveness by ensuring secure, sustainable energy supply while supporting the broader transition toward an electrified economy.