Repsol accelerates Bimbo's net-zero roadmap with renewable power purchase agreement
Spain, July 31 -- Repsol has signed a long-term agreement with Bimbo Group to supply renewable energy, helping the world's largest baking company advance its decarbonization goals in Europe.Through nine 12-year virtual power purchase agreements (VPPAs), Bimbo Group will source renewable electricity equivalent to 100% of its annual consumption in Spain, Portugal, France, and Italy, totaling about 150 GWh per year.The agreement is linked to wind and solar capacity from Repsol assets in Spain, including the company's first solar hybrid projects, optimizing the use of existing resources and improving the efficiency of renewable power generation.By moving beyond the purchase of renewable energy certificates (Guarantees of Origin) to long-term ag...
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