Grifols signs long-term renewable PPA with ENGIE for Spanish solar and wind projects
Type: Ppa · Technology: Hybrid · Country: Spain · Capacity: 40 GWh · Announced: 2026-09-16
Grifols has signed a long-term power purchase agreement with ENGIE for 40 GWh of renewable electricity annually from new solar and wind projects in Spain. The PPA runs from 2027 to 2037 and will bring renewable coverage to 66% of Grifols' electricity demand in Spain when combined with its existing renewable electricity supply. The agreement is expected to avoid approximately 8,000 tonnes of carbon dioxide emissions annually. ENGIE will supply electricity from the contracted facilities throughout its term. The PPA forms part of Grifols' 2025-2027 Sustainability Plan, under which the company aims to source all its electricity from renewable sources by 2030, having reached approximately 60% renewable electricity coverage by the end of 2025.
Analysis
Grifols has signed a long-term power purchase agreement with ENGIE to procure 40 GWh of renewable electricity per year from new solar and wind projects in Spain, covering the period 2027‑2037. ENGIE is a global energy player focused on accelerating the transition towards a carbon‑neutral world. The agreement will raise Grifols' renewable electricity coverage in Spain to 66% of its demand and is expected to avoid approximately 8,000 tonnes of CO₂ emissions annually. The PPA forms part of Grifols' 2025‑2027 Sustainability Plan, which targets 100% renewable electricity by 2030.
Key points
- Grifols – off-taker, ENGIE – supplier
- 40 GWh per year renewable electricity
- Contract term 2027‑2037
- Renewable coverage to 66% of Grifols' Spain electricity demand
- Avoidance of ~8,000 tonnes CO₂ per year
Counterparties
📈 The Sherpa Signal — one notable infrastructure deal a day.