Iberdrola signs 3,700GWh ten-year PPA with Spanish rail company Renfe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
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Source: Yahoo Finance
Iberdrola and Renfe Agreement: Iberdrola Espana has signed a ten-year virtual power purchase agreement with Renfe to supply 3,700 GWh of wind energy annually, aiming to reduce CO₂ emissions by over two million tonnes each year while stabilizing energy costs for the rail company.
Impact on Renewable Energy: This partnership emphasizes the importance of onshore wind technology in Spain's energy landscape and supports the transition to emission-free electrification in the transport sector, which consumes a significant portion of the country's energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
