Iberdrola Mexico has signed a power purchase agreement (PPA) with Honda to supply 100% clean electricity from its wind farms to the Japanese car and motorcycle manufacturer's production plants in Celaya, in the state of Guanajuato, and El Salto, in Jalisco.
Honda de México will use this electricity for its production in the country, where it has an installed capacity to manufacture up to 200,000 cars a year at its Guanajuato plant and more than 120,000 motorcycles at the one in Jalisco, in both cases for the local and export markets.
The supply of clean energy to Honda will prevent the annual emission of 63,826 tonnes of CO2 into the atmosphere, the equivalent of the carbon captured by more than a million trees over a period of 10 years.
Key data points: The market size in 2031 = $3 billion, growth forecast = 10.1% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global wind power coatings market to 2031 by type (polymer coatings, metal coatings, and ceramic coatings), technology (water-based, solvent-based, powder, and UV-cured), application (onshore, offshore, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesThe agreement includes the acquisition of Guarantees of Origin (GOs), an instrument that makes it possible to certify the reduction of greenhouse gases by ensuring, with full traceability, that the electricity supply comes from clean sources.
