Iberdrola and Vestas Join Forces in the Energy Transition

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Iberdrola (IBDRY) and Vestas Join Forces in the Energy Transition

Positive

• Iberdrola is the third largest electricity company in the world by market capitalization and the world leader in renewable energy.
• The company focuses on a sustainable business model for renewable energy, maximizing the use of technology in business areas that add value.
• Iberdrola's inventive approach includes agro-solar initiatives that use land for solar power generation and agricultural purposes.

Negative

• None.

Originally published by Forbes

NORTHAMPTON, MA / ACCESSWIRE / August 10, 2023 / A future world in which nine billion people live well, within planetary boundaries, requires a set of systemic changes in production, distribution, and consumption. Only then can the current system move from fossil fuels into an electricity model based on renewable energies.

"Such a systemic change does not happen without serious investments and long-term partnerships," said Ramón Zumárraga, Director of Purchasing Services, Iberdrola, the third largest electricity company in the world by market capitalization, and the world leader in renewable energy.

During an interview at SAP Sapphire Barcelona, Zumárraga explained how Iberdrola's sustainable business model for renewable energy maximizes the use of technology in business areas that add value, either by improving processes and the productivity of its assets, or by achieving greater efficiency in its activities.

The company's inventive approach is boundless. Among Zumárraga's favorites are agro-solar initiatives that use land for solar power generation and agricultural purposes. "Whether using solar parks for beehives or cattle grazing, we try not to occupy the land for a single purpose," he said.

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Wind Farm Parque de Wikinger IBERDROLA

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Contact Info:
Spokesperson: SAP
Website: https://www.3blmedia.com/profiles/sap
Email: info@3blmedia.com

SOURCE: SAP

View source version on accesswire.com:
https://www.accesswire.com/773598/Iberdrola-and-Vestas-Join-Forces-in-the-Energy-Transition

FAQ

What is the significance of Iberdrola's partnership with Vestas in the energy transition?

The partnership aims to drive the transition to renewable energy through strategic investments and long-term partnerships.

What makes Iberdrola a leader in renewable energy?

Iberdrola is the third largest electricity company in the world by market capitalization and focuses on a sustainable business model for renewable energy.

How does Iberdrola maximize the use of technology in its business areas?

Iberdrola maximizes the use of technology to add value in its business areas by improving processes, productivity of assets, and achieving greater efficiency in its activities.

What are some of Iberdrola's inventive approaches in renewable energy?

Iberdrola's inventive approaches include agro-solar initiatives that use land for solar power generation and agricultural purposes.

Where can I find additional information about Iberdrola and Vestas' partnership?

Additional information can be found on 3blmedia.com and SAP's website.