#Spain #Madrid #Cisco Systems #X-ELIO #Power Purchase Agreements

X-ELIO's Bold Move in Renewable Energy

In a significant development for sustainable energy, X-ELIO, a prominent player in the renewable energy industry, has recently announced the signing of six virtual power purchase agreements (PPAs) with notable corporations such as Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation. This initiative is facilitated by the Net Zero Consortium for Buyers (NZCB), representing a united effort among leading companies to adopt sustainable practices.

Details of the Agreements

These agreements mark a notable commitment to sustainability, with a total capacity of 172 MW, aimed primarily at sourcing energy from X-ELIO's upcoming Star Dairy and Rosebud projects located in Texas. Set to commence operations in 2027, these projects are projected to generate approximately 367,000 MWh of clean energy annually. This significant venture is a part of X-ELIO's strategy to reinforce its position within the U.S. solar market while aiding corporate giants in achieving their environmental goals.

X-ELIO operates in a rapidly evolving sector where renewable energy procurement is increasingly becoming a priority for major firms. The company's growth trajectory and commitment to clean energy are evident in their extensive portfolio that spans over 5 GW of solar and energy storage projects currently in development.

Commitment to Sustainability

The participating companies are also making strides towards their own sustainability targets. Cisco's agreements reinforce its ambition to reach net-zero emissions across its value chain by 2040. Similarly, Biogen has maintained operations powered entirely by renewable energy since 2014, reinforcing its position as a leader in sustainable practices in the healthcare sector. IDEXX Laboratories and Waters Corporation have also entered into agreements aimed at meeting their respective goals of 100% renewable energy by 2030 and promoting sustainable operations through their 17 MW PPA.

Nicholas Pentreath, the Deputy CEO of X-ELIO, emphasized the significance of this partnership, stating, “We are honored to be the selected and trusted partner to bring supply and price certainty to energy-intensive sectors with ambitious ESG and net zero targets.” His remarks highlight X-ELIO's dedication not only to expanding its market presence but also to facilitating a greener future through strategic collaborations.

Future Implications

Kerri Neary, X-ELIO's Country Manager in the U.S., stated that X-ELIO is poised to continue leading the charge in providing cost-competitive clean energy across the nation. The company’s focus on establishing mutually beneficial partnerships is expected to support both their growth and that of their partners.

As the renewable energy landscape continues to evolve, partnerships like these are crucial. They not only highlight the growing commitment of major corporations to sustainability but also demonstrate X-ELIO's capacity to deliver tailored energy solutions that align with the values of their clients. With substantial commitments from leading firms, X-ELIO is paving the way for a more sustainable future, making significant strides in combating climate change while meeting the energy needs of modern businesses.

About X-ELIO

Founded two decades ago and now backed by Brookfield, X-ELIO is at the forefront of developing renewable energy projects across continents including Europe, the U.S, and Latin America. Their robust experience and dedication to sustainability reflect in their impressive track record of over 3 GW of power built and operational across solar and energy storage sectors.

For further details and updates on X-ELIO, visit their official website or follow them on social media to stay informed about their ongoing projects and innovations in the renewable energy field.