Iberdrola signs renewable PPA in Mexico.

Iberdrola, an energy company, has signed a Power Purchase Agreement (PPA) with food and beverage manufacturer Millfoods in Mexico. Under the agreement, Iberdrola will supply renewable energy to cover 100% of the power needs of a corn processing plant in Salamanca, Guanajuato. The renewable energy will come from Iberdrola's local portfolio, which includes 6 wind farms and 3 solar projects across Mexico. This partnership aims to reduce polluting emissions and promote a greener and more sustainable world. In March 2024, Iberdrola also closed a $6.2 billion sale of assets in Mexico to Mexico Infrastructure Partners. [Extracted from the article]