Sandoz, a global leader in generic and biosimilar medicines, has signed a 10-year virtual Power Purchase Agreement with Elawan Energy, a global player in the renewable energy sector, for new-build solar projects in Valladolid, Castilla y León, Spain. This agreement marks a concrete step in the company’s decarbonization strategy, reinforcing its commitment to climate action and sustainable operations.
Europe is home to the majority of Sandoz operations, and this partnership is expected to meet nearly 90% of current electricity demand across the company’s European sites. Under the agreement, Sandoz and Elawan Energy will jointly develop new solar projects with a total installed capacity of 150 MW.
Glenn Gerecke, chief manufacturing and supply officer, stated, “At Sandoz, environmental sustainability is a core part of how we operate – reflecting our responsibility to both the planet and our people.”
[Read more: Sandoz inks deal to acquire Just-Evotec Biologics in Touloutilize, France]
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