Iberdrola and Air Liquide have signed a long-term power purchase agreement (PPA). Renewable energy will be supplied to Air Liquide to support its operations in Spain and Portugal.
The agreement is the result of close collaboration between Iberdrola and Air Liquide. It will allow Air Liquide to continue developing innovative and sustainable solutions for the supply of industrial gases and will enable its industrial and medical customers to meet their ambitions to reduce the carbon footprint associated with their final products.
Leading the PPA market
Iberdrola has extensive experience in PPAs. The company manages long-term power purchase agreements in markets such as Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia, from wind projects – onshore and offshore – and photovoltaic.
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Download free sample pagesThe company has been offering innovative PPA proposals for more than a decade. For the second consecutive year, Iberdrola has confirmed itself as the leader in the European PPA market, according to the Pexapark Renewables Market Outlook 2025 report, with 1,251 MW contracted (+38% compared to 2023).
Iberdrola has announced 15 agreements in Europe, with large companies such as Amazon, with which it has signed wind and photovoltaic PPAs in Spain, Portugal and the United Kingdom for the East Anglia THREE offshore wind farm. Additionally, with Italian companies such as BTicino, Acciaierie Venete, Prima Sole Components and Bayer for a total of about 50 MW.
Iberdrola has strengthened alliances with large companies such as Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone, confirming the PPA as a key tool for industrial decarbonisation, as it guarantees renewable energy at a long-term fixed and stable price.
