BNZ signs a multi-country PPA with Kimberly-Clark in Italy and Spain
Madrid, 26th February 2025.- BNZ, an independent power producer (IPP) that develops, builds, and operates renewable energy projects, has signed its first multi-country vPPA (virtual power purchase agreement). The agreement has been made with Kimberly-Clark, one of the world’s leading manufacturers of personal care and hygiene products, in Italy and Spain.
The vPPAs will generate a forecasted 164 GWh of renewable electricity each year from two solar power facilities in Italy – Camposcala and Rinaldone (Lazio) – and one in Spain – Santa Catalina (Andalusia). The renewable energy generation of the solar farms is equivalent to over 40% of the total electricity consumed by KC’s Western & Central European production facilities, located in Germany, Spain, Italy, France, and Czechia. It will virtually power production of major brands including Kleenex, Scottex, Scott, WypAll, Page & Hakle.
As BNZ’s Head of Revenues, Rodrigo López, stated: “This multi-country PPA agreement with a leading industrial client committed with sustainability represents a significant milestone for BNZ. At the same time, it reflects a growing trend: more and more companies are choosing long-term contracts that not only ensure energy stability but also reinforce their responsibility to create a more sustainable world. This shift not only benefits businesses but also drives meaningful progress for society and the economy as a whole.”
Oriol Margó, Sustainability Leader at Kimberly-Clark said: “Kimberly-Clark’s collaboration with BNZ electricity is another example of our dedication to make progress in our decarbonisation journey. The renewable energy generation of the new solar farms will be equivalent to over 40% of the total electricity consumed by our European production facilities. Energy transformation is a key priority for us and through these projects we are increasing the amount of renewable electricity available in the grids that we draw from, which also benefits the community. We continue to invest in the future of the planet, our business and our industry, with our consumers and customers in mind, and hope to encourage other organisations to do the same.”
These contracts constitute an important landmark for BNZ as it continues to sell renewable energy to a major multinational client, consolidating its position in the renewable energy market in Europe. In total, the company plans to deploy a portfolio of more than 1.7 GW of renewable energy in Europe in the coming years.
Also, BNZ is delivering its strategic plan, allowing the company to complete its renewable energy projects in Spain, Italy, and Portugal. It will also initiate the first forays into geographic diversification, hybridisation projects and other technologies that will help enhance efficiency in the creation and distribution of clean energy.
For Kimberly-Clark, this partnership takes significant strides in its decarbonisation journey and support its global commitment to reduce its scope 1 and 2 greenhouse gas emissions by 50% by 2030, against a 2015 baseline.
