Iberdrola, S.A. has been awarded the contract to supply electricity to the entire network of BBVA offices and buildings in 2015 and 2016. The total combined consumption for these premises amounts to 240 gigawatt hours (GWh). It has also entered a commitment with BBVA that 100% of the energy supplied will be from renewable sources.

In this regard, IBERDROLA plans to supply the electricity to BBVA in compliance with the requirements laid down in the Spanish Ministry of Industry, Tourism and Trade's Order ITC/1522/2007, of 24 May, which provides the regulations for guaranteeing the origin of electricity obtained from renewable energy sources and high-efficiency cogeneration. Under the terms of the agreement, IBERDROLA will be in charge of supplying electricity to a total of 3,091 offices and 71 buildings belonging to the financial institution, including its new corporate headquarters (La Vela), on which construction work will be completed this year. By signing this contract, BBVA will be avoiding the annual emission of some 180,000 tonnes of CO2.

This figure is equivalent, for example, to the annual emissions produced by 75,000 vehicles or a typical Spanish city with 50,000 inhabitants, or to planting about 4.5 million trees. In turn, IBERDROLA is ratifying its historical commitment to clean energies and more broadly, to sustainable development and combating climate change.