Swiss generic and biosimilar drugs pharmaceutical firm Sandoz introduced that it has signed a brand new 10-year digital Energy Buy Settlement (PPA) with Elawan Vitality for new-build photo voltaic tasks in Spain, anticipated to cowl the overwhelming majority of Sandoz’s electrical energy use in Europe.
Below the brand new partnership, Sandoz and Elawan Vitality will collectively develop photo voltaic tasks with a complete put in capability of 150 MW. As soon as operational, the initiative is anticipated to provide almost 90% of the electrical energy demand for Sandoz’s European operations, which account for almost all of the corporate’s international footprint.
In response to Sandoz, the brand new partnership marks a major step within the firm’s decarbonization technique. Sandoz has set a purpose to attain internet zero emissions by 2050, and the corporate introduced a dedication in 2024 to set science-based carbon emission discount targets, and to submit its plan to SBTi for validation by the top of January 2026.
Glenn Gerecke, Chief Manufacturing and Provide Officer at Sandoz, mentioned:
“At Sandoz, environmental sustainability is a core a part of how we function – reflecting our accountability to each the planet and our folks. Our collaboration with Elawan Vitality to develop this new photo voltaic undertaking in Spain marks a concrete step towards decarbonizing our operations. By masking almost 90% of electrical energy demand for our present European operations, we are going to scale back our environmental footprint and advance our dedication to a extra sustainable future.”
The brand new photo voltaic capability from the settlement shall be developed in developed in Castilla y León, Spain. In response to Elawan Vitality, the brand new partnership will permit key tasks in its improvement portfolio to achieve industrial operation.
Diego Garcia, Head of Income Administration and PPAs at Elawan, mentioned:
“We’re proud to companion with Sandoz, the worldwide chief in generic and biosimilar medicines, on this company PPA. Supporting Sandoz on their path towards sustainability aligns with our core mission.”
