Spanish utility Iberdrola has signed a 10-year virtual power purchase agreement (VPPA) with national rail operator Renfe, covering 3,700 gigawatt-hours (GWh) of onshore wind energy. The agreement aims to support Renfe’s decarbonisation strategy while providing long-term price stability. Under the deal, Renfe will receive 370GWh of renewable electricity annually through 2035—equivalent to the output from
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