Commercial, Solar - June 20, 2023
Lonza Signs Solar VPPA
Lonza, a partner to the pharma, biotech and nutrition industries, signed a 10-year Virtual Power Purchase Agreement (VPPA).
The agreement was signed with IGNIS, a Spanish-based global integrated renewable energy group developing solar power facilities. Under the terms of the VPPA, IGNIS will produce renewable energy equal to Lonza’s electricity needs in Switzerland and the European Union.
“Lonza aims to purchase all electricity from renewable sources where available, and this agreement with IGNIS is a major step forward for the Group’s carbon reduction strategy as we work to make meaningful progress towards our climate targets,” said Geert Van Acker, Global Head of Procurement and Supply Chain, Lonza, in a statement.
A VPPA is a customized and flexible solution that matches the needs of companies operating multiple sites, such as Lonza, as it is not tied to the photovoltaic production facilities through a physical grid.
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