Spain: Lightsource bp signs two virtual PPAs with Haleon to support supply chain decarbonisation
Lightsource bp has signed two long-term virtual Power Purchase Agreements (VPPAs) with global consumer health company Haleon, linked to Valle 3 and Sinfonía solar projects in Valladolid (Castilla y León, Spain).
The agreements are intended to support Haleon’s efforts to reduce electricity-related emissions across its EU supply chain, as part of its Scope 3 decarbonisation strategy.
The VPPAs allow Haleon to support renewable electricity generation without requiring power to be physically delivered to its facilities or suppliers. They also incorporate commercial mechanisms designed to provide greater certainty in an evolving energy market, supporting Haleon’s long-term decarbonisation goals and procurement resilience.
Lightsource bp combined its market understanding, commercial structuring capability and risk-management expertise to develop a solution aligned with Haleon’s objectives.
These agreements demonstrate our ability to develop tailored solutions in an evolving market, combining deep market insight and robust commercial structuring with the high sustainability standards our customers value. We are pleased to support Haleon’s long-term decarbonisation and procurement resilience while enabling further renewable energy generation in Spain
There is no single solution to decarbonising a global supply chain. Our Renewable Electricity Value Chain (REV) combines supplier engagement, renewable electricity procurement and innovative commercial structures to act where they can have the greatest impact. These agreements demonstrate how climate action can be integrated into long-term business and procurement decisions
This partnership reflects continued demand for long-term renewable power solutions across Iberia. With additional solar PV and hybrid projects available, Lightsource bp is actively seeking new offtake partners ready to secure reliable, long-term electricity supply to support their energy goals. Enquire here for more info.
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