In a press release, Qualitas Energy announced the inking of a deal of long-term virtual power purchase agreement (VPPA) with Salesforce for 27 MWp of its solar PV pipeline located in Italy.
According to the agreement, Salesforce will purchase renewable energy generated by Qualitas Energy’s assets for the next 15 years.
This agreement will ensure the continuity of maintaining 100% renewable energy for Salesforce’s operations. The mark of utilizing 100% renewable energy was first achieved in 2021.
According to the release, the renewable electricity generated by the solar facilities will power 13,500 homes and reduce 15,700 tons of CO2 emissions.
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Carlos Gutiérrez, VP of Portfolio Management at Qualitas Energy, said, “In order to address the pressing challenge of climate change, virtual purchase power agreements (VPPAs) play a pivotal role in accelerating the transition to renewable energy. Our track record in developing energy sales strategies has facilitated the signing of this VPPA with Salesforce.”
He added, “Despite vPPAs’ relative rarity in Italy compared to other EU countries, our approach to innovation empowers us to offer solutions that help customers like Salesforce achieve their climate goals.”
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Apart from the VPPA signed with Salesforce, the investment and management company announced the closing of €55 million as a green loan to be utilized for the assets under the VPPA and also other projects in the pipeline.
The two announcements are part of Qualitas Energy’s expansion plans in Italy. The company is seeking to develop renewable assets in Italy.