Press Release
Iberdrola and Gres Panaria Portugal, the leading Portuguese ceramics company, and owner of the Margres, Love Tiles and Gresart brands, signed a Power Purchase Agreement (PPA) to begin in 2025.
The PPA will guarantee the supply of photovoltaic solar energy for the next 10 years, providing a total of 92 GWh of clean energy during the term of the contract.
This will allow 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.
Rui Afonso, Managing Director of Iberdrola Clientes Portugal, comments:
“We are active agents in the decarbonisation 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.”
In 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 reinforces our mission to produce sustainably, maintaining the highest quality standards, and at the same time reducing the environmental impact of our operation.
“(This is) through the redesign and optimisation 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.
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