Spanish automotive components manufacturer Gestamp has announced that it has signed a 10-year renewable energy power purchase agreement with Spanish energy producer Iberdrola for the supply of electricity to Gestamp’s production plants across Europe.
Under the agreement, Iberdrola will supply 660,000 MWh of 100 percent renewable energy, supporting Gestamp’s operations in the automotive components sector.
Renewable supply based on wind and solar
The agreement covers 34 MW of installed capacity, with electricity generated from 80 percent wind energy and 20 percent solar energy. This will enable Gestamp’s European plants to operate using fully renewable electricity.
According to the statement, the agreement allows Gestamp to secure long-term renewable energy at a fixed and competitive price, improving visibility over future energy costs. This aligns with the company’s strategy to enhance operational stability amid volatile energy markets.
Supporting decarbonization of automotive supply chain
The partnership is part of Gestamp’s broader efforts to reduce emissions and improve sustainability across its operations.
The companies stated that the agreement supports:
- electrification of production processes,
- improved energy efficiency,
- the use of renewable energy in manufacturing.
The move is expected to contribute to the decarbonization of the automotive supply chain, including steel-intensive manufacturing processes.