Key highlights
- 10-year PPA between Gestamp and Iberdrola for 660,000 MWh of 100% renewable electricity.
- PPA covers 34 MW of capacity, supplying 80% wind and 20% solar backed by certificates of origin.
- Agreement secures a fixed long-term price to stabilise Gestamp's energy costs and enable electrification of production.
- Iberdrola also signed 2026 PPAs covering 50 MW and 1,000,000 MWh for Spain's automotive sector.
Deal overview
Iberdrola and Gestamp signed a 10-year renewable power purchase agreement to supply 660,000 MWh to multiple Gestamp plants across Europe.
Capacity and generation mix
The PPA covers 34 MW of installed capacity and delivers 100% renewable electricity composed of 80% wind and 20% solar, backed by certificates of origin.
Commercial terms and objectives
The contract secures a fixed, competitive long-term price to stabilise Gestamp’s energy costs and to support electrification of operations and decarbonisation of the automotive supply chain.
Market context
The agreement expands Iberdrola’s PPA portfolio; the company retained a leading position in the European PPA market per the Pexapark Renewables Market Outlook 2026 and in 2026 signed separate 10-year PPAs covering 50 MW and 1,000,000 MWh for Spain’s automotive sector.
