Gonvarri Industries and Iberdrola are giving fresh momentum to industrial electrification in Europe through the signing of a 10-year renewable energy Power Purchase Agreement (PPA). The agreement covers the annual supply of 26,000 MWh of electricity to eight production facilities operated by Gonvarri Industries in four European countries, alongside guarantees of origin covering 100% of the electricity consumed at those sites.
The partnership highlights the growing role of long-term agreements in supporting a more competitive and sustainable industrial model by ensuring access to reliable, European-sourced renewable energy at stable and predictable prices, while also contributing to the decarbonisation of industrial activity.
Around 80% of the electricity supplied under the agreement will come from wind farms and the remaining 20% from solar photovoltaic facilities, all backed by guarantees of origin and supported by 15 MW of installed renewable capacity from Iberdrola.
Through this agreement, Gonvarri Industries strengthens its commitment to electrification and renewable energy across its European operations, securing a stable and competitive energy supply that will help improve efficiency and reduce the Group’s carbon footprint.
For Iberdrola, the partnership further reinforces its position as a leading energy partner for European industry and expands its portfolio of long-term supply agreements. According to the Pexapark Renewables Market Outlook 2026 report, Iberdrola remains the leading company in the European PPA market for the third consecutive year. The Group has agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil and Australia, supported by a diversified portfolio of onshore wind, offshore wind, solar and other generation technologies that ensure competitive and reliable supply.
These agreements form part of Iberdrola’s strategy to accelerate industrial electrification, build long-term partnerships with major customers and contribute to a more secure, efficient and sustainable energy system capable of meeting growing demand.
Josu Calvo, CEO of Gonvarri Industries, said: “This agreement marks an important step forward in our sustainability strategy, enabling us to advance the electrification of our production processes through renewable energy while continuing to decarbonise our industrial operations.”
David Martínez, Head of Customer Business at Iberdrola España, added: “Partnerships like this help strengthen the stability and competitiveness of industry by providing long-term certainty around a sustainable and secure energy supply. PPAs are a key tool for encouraging investment, supporting industrial activity and advancing the electrification of the economy.”
