Iberdrola and Gres Panaria Portugal, the leading Portuguese ceramics company, owner of the Margres, Love Tiles and Gresart brands, signed a Power Purchase Agreement (PPA) to begin in 2025 that will guarantee the supply of photovoltaic solar energy for the next 10 years.
It will provide a total of 92 GWh of clean energy during the term of the contract, allowing Gres Panaria to reduce its carbon footprint and advance its commitment to sustainable practices, essential in a sector with a growing environmental responsibility. It will also ensure energy supply stability for the long term.
"We are active agents in the decarbonization of industry. It is part of our corporate goals. This PPA with Gres Panaria Portugal reflects our commitment to sustainable development and the promotion of renewable energy, especially in a prominent sector for Portugal such as ceramics,” says Rui Afonso, Managing Director of Iberdrola Clientes Portugal.
Key data points: The market size in 2031 = $984.6 million, growth forecast = 5.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global thin film chip resistor market to 2031 by type (ultra precision 0.05% tolerance, 0.1% tolerance, 1% tolerance, and others), application (instrumentation, medical instruments, power supply, electric power equipment, electronic digital products, and others), end use industry (industrial equipment, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesIn addition to the environmental benefits, the PPA allows Gres Panaria Portugal to mitigate the risks and effects of the volatility of the energy markets, ensuring greater stability both in the cost of electricity and in the production and service to customers.
Marco Mussini, chairman of the board of directors of Gres Panaria Portugal, says "this agreement goes beyond the energy issue. Sustainability has been a fundamental guideline in the elaboration of the company's strategy. This agreement reinforces our mission to produce sustainably, maintaining the highest quality standards, and at the same time reducing the environmental impact of our operation, through the redesign and optimization of industrial processes and products, of our brands, that are more sustainable and properly integrated into the green economy in Portugal."
By using a photovoltaic solar energy source, Gres Panaria Portugal not only strengthens its competitiveness, but also contributes directly to the growth of the green economy in Portugal. The partnership for the supply of renewable energy benefits the company, while supporting national and European climate goals, placing Portugal at the forefront of the energy transition.
