Iberdrola, Nike sign third clean purchase agreement

Spanish multinational utility Iberdrola has signed a power purchase agreement with Nike to supply the sporting brand with clean energy.

The deal allows Iberdrola to power facilities owned by Nike in Europe with clean energy generated from wind farms in Navarra, Spain.

The deal further facilitates the supply of 40MW of energy and builds from three successful power purchase deals signed by the two in the US.

The deal increases Nike’s renewable wind capacity to 200MW, in line with the firm’s efforts to adopt sustainable business practices.

The deal is the third for the two companies in three years.

Noel Kinder, Nike chief sustainability officer, said: “All athletes need fresh air and clean water to thrive. Delivering on our sustainability commitments, like working towards 100% renewable energy across our owned and operated facilities worldwide, is just one of the ways we protect the future of sport.

“In 2018, we announced that we had contracted for 100% renewable energy in North America, and this latest agreement means we will be operating on 100% renewable energy across Europe by 2020. This means we are delivering against more than 75% of our worldwide goal.

Nike has also entered into a deal for the supply of clean energy with AvanGrid.

 Xabier Viteri, director of Renewables at Iberdrola added: “Large businesses with a focus on sustainability are showing that they can be a positive force in tackling climate change. More and more we are seeing companies set themselves tough carbon reduction goals.

“There is a strong market in Europe for renewable PPA deals, and we anticipate securing further agreements in a number of countries in the months ahead.”

Iberdrola is managing over 6,000MW of renewable energy projects.

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Nicholas Nhede is an experienced energy sector writer based in Clarion Event's Cape Town office. He has been writing for Smart Energy International’s print and online media platforms since 2015, on topics including metering, smart grids, renewable energy, the Internet of Things, distributed energy resources and smart cities. Originally from Zimbabwe, Nicholas holds a diploma in Journalism and Communication Studies. Nicholas has a passion for how technology can be used to accelerate the energy transition and combat climate change.