A PPA (Power Purchase Agreement) is a long-term agreement between a renewable developer and a consumer for the purchase of energy. The Iberdrola group has extensive experience in this sector and has entered into contracts of this type in countries including the United States, United Kingdom, Spain, Mexico and Australia, and it now has agreements with companies such as Amazon, Apple, Facebook and Nike, among others.
Taking part in the Iberdrola General Shareholders' Meeting couldn't be easier. Let us explain how to cast an absentee vote or grant your proxy before the event, which will take place on 18 June at 11.00 a. m. on second call and by remote means only.
Iberdrola carries out its activities in order to create sustainable value for all Stakeholders: we call it our social dividend. That's why we include in our strategy the three internationally accepted areas for measuring impact and sustainability in investments: environmental, social and governance (ESG) factors, as a substantial contribution to sustainable development.
Iberdrola has presented 175 projects to the Next Generation EU programme to mobilise investments of €30 bn in Spain, involving 350 small and medium-size enterprises, institutions, technology partners, startups and the entire value chain. These actions — in the areas of green hydrogen, innovative renewable energy, sustainable mobility, energy storage, smart power grids, heat electrification and component recycling with clean technologies — will contribute to the industrial transformation of the country, focusing on sustainability, green, affordable energy and employment.
Our internal teams have made progress in the digitalisation process and achieved operational and economic improvements during the first year of the Darwin Project. The initiative was launched in 2019 and has allowed them to research new technological solutions, reassess their procedures, and generally evolve to be able to provide more efficient support and better quality for all group businesses.
Iberdrola has adapted its regulatory system to the three major pillars used by the worldwide investment community to measure the impact and sustainability of investments: environmental, social and governance aspects, known as ESG for short. By doing so, the company confirms its desire to be at the cutting edge of international best practice, in a context where COVID-19 has highlighted the need to shift towards more sustainable, resilient, inclusive and competitive models as the path to post-pandemic recovery.