In a decisive step toward sustainability, Elawan Energy has entered into a 10-year virtual power purchase agreement (VPPA) with global healthcare leader Sandoz to supply renewable electricity for its European operations. The agreement will support the construction of a 150 MW solar portfolio in Valladolid, Castilla y Leon, Spain, enabling Sandoz to cover nearly 90% of its electricity needs across Europe with clean, locally generated solar power.

A Solar Portfolio Tailored for Long-Term Energy Goals
This newly announced VPPA isn’t just about securing clean electricity—it’s about building it. The 150 MW of capacity will come from new solar assets jointly developed by Elawan and Sandoz, reinforcing both companies’ commitment to infrastructure-level sustainability.

The projects, all located in Spain’s Castilla y Leon region, are expected to play a critical role in reducing grid emissions and stabilizing long-term electricity costs for Sandoz’s European footprint. By opting for a virtual PPA structure, Sandoz gains financial hedging benefits while actively supporting the addition of new renewable capacity to the grid—a clear win for both the bottom line and the planet.

Aligning Clean Energy with Corporate Purpose
This deal marks another chapter in the rising trend of corporate power purchase agreements in Europe, where companies are not only sourcing renewables but co-developing projects to ensure traceable, high-impact outcomes. For Sandoz, a company committed to sustainable healthcare manufacturing, this VPPA aligns with broader environmental goals and accelerates its path to climate neutrality.

Meanwhile, Elawan Energy solidifies its role as a trusted partner for utility-scale renewable solutions across Europe. By joining forces with a major industrial energy consumer like Sandoz, the company is demonstrating how tailored solar portfolios can serve even the most demanding commercial operations.

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