Iberdrola and PepsiCo have joined forces in their commitment to energy transition and sustainability with the signing of a long-term Power Purchase Agreement, under which the electricity company will supply 100% renewable electricity to all beverage and food multinational's centres in Spain and Portugal. It will come into force on 1 January 2023. Specifically, Iberdrola will supply green energy to 11 PepsiCo facilities. These include the production plants in Spain beverages in Álava, snacks in Burgos and gazpacho Alvalle in Murcia and another snacks plant in Carregado Portugal. Also included in the agreement are the two large logistics centres in Burgos and Valencia, as well as sales offices in Vitoria, Pamplona, Palma de Mallorca and offices in Vitoria and Barcelona. This agreement will be effective from 2023.The renewable energy will come from the Francisco Pizarro photovoltaic plant that Iberdrola is developing between the Extremaduran municipalities of Torrecillas de la Tiesa and Aldeacentenera, in Cáceres. The facility, which will soon come into operation, will prevent the emission into the atmosphere of more than 150,000 tonnes of CO2 per year. With 590 megawatts of installed capacity, the plant will become the largest photovoltaic plant in Europe and will generate the equivalent of the energy needed to supply 334,000 homes per year.