Commercial, Solar, Sourcing Renewables - January 8, 2024
Boston Scientific Signs VPPA
Boston Scientific, a global medical technology company, signed a virtual power purchase agreement (VPPA) to buy green solar electricity to meet its decarbonization targets.
The agreement was signed with global renewable energy developer and energy solutions provider BayWa r.e.
Under the 10-year VPPA, BayWa r.e. will deliver additional electricity to the European power grid from the newly constructed and operational 15.1-megawatt (MW) Alcalá Solar Photovoltaic Plant close to Seville, Spain.
It will allow Boston Scientific to secure renewable energy to match about 80% of the company’s electricity consumption in Europe.
“Our focus on improving patient health is inextricably linked with the health of the planet, and we have a responsibility to protect the world we all share,” said Paudie O’Connor, senior vice president, Global Supply Chain, Boston Scientific, in a statement. “This power purchase agreement underlines our commitment to sourcing renewable energy in one of the many growing regions for our company where environmental sustainability is increasingly paramount for our customers.”
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