• The Energize program is sponsored by 24 global pharmaceutical companies collaborating in partnership with Schneider Electric to increase access to renewable electricity for the pharmaceutical supply chain.

• This strategic agreement through the first Energize cohort provides renewable electricity for 10 years for three projects totalling around 161.4 MWdc

Zelestra, a global, multi-technology, customer-focused renewable energy company, has signed a power purchase agreement (PPA) with Energize in Spain for a capacity of around 161.4 MWdc. Energize is a collaborative programme between 24 global pharmaceutical companies designed to increase access to renewable electricity across the industry supply chain. This landmark agreement is the first Energize cohort purchasing renewable energy together including three Energize sponsors, Takeda Pharmaceuticals International AG, Teva Pharmaceutical Industries Ltd., and UCB Pharma SA and four industry suppliers, Avantor, Organon LLC, Perrigo Pharma International D.A.C. and West Pharmaceutical Services Inc.

This strategic agreement secures the supply of renewable energy for the operations of these pharmaceutical companies and their suppliers for 10 years, marking a significant milestone in their efforts to achieve their collective sustainability and decarbonization goals.

In line with Zelestra’s commitment to support its customers in decarbonizing their operations, the PPA ensures that the pharmaceutical companies purchase approximately 305 GWh of electricity annually.

Ivan Nieto, Chief Commercial Officer of Zelestra, commented: “This agreement marks a significant step towards energy sustainability in the pharmaceutical sector. We are proud to collaborate with these leading companies to provide them with a reliable source of renewable energy, supporting their efforts to meet their environmental goals”.

With this agreement, Zelestra expands its presence in Spain, a key growth market for the company.

About Zelestra

With a portfolio of 25 GW of carbon-free projects across 13 countries, Zelestra is a vertically integrated company specializing in developing, commercializing, constructing, and operating large-scale renewable energy projects. Zelestra is made up of 953 professionals globally. It is backed by EQT, one of the largest fund managers in the world, with more than 223 billion euros in assets under management.