Thermo Fisher Scientific, Corning Incorporated, Equinix and other companies signed long-term power purchase agreements (PPAs) for clean energy in Spain.

International renewable energy development platform ib vogt hosted the inauguration of the Segovia Cluster in the Segovia region of Spain. 

The cluster comprises four utility-scale photovoltaic plants with a combined capacity of 513.1 MWp, underscoring ib vogt’s commitment to delivering clean, reliable and scalable energy solutions across Europe. 

The Segovia Cluster is backed by long-term power purchase agreements (PPAs) with global companies and includes the Serbal solar plant (174 MWp), the Castaño solar plant (134 MWp), the Pato solar plant (110 MWp), and the Baobab solar plant (95.1 MWp). 

Spanning 666.5 hectares and equipped with 887,409 solar panels, the four Segovia Cluster projects generate approximately 1,036.6 GWh of clean electricity annually and will prevent over 480,000 tons of CO2 emissions each year. 

All four projects were tailored to meet the needs of large-scale, long-term PPA investors, and a major portion of their energy has since been acquired by international entities active in the European energy market.

“The energy transition is far more than a strategic option — it is an ethical imperative,” said Andreas Schell, CEO of ib vogt, in a statement. “Spain stands before a once-in-a-generation opportunity to lead Europe in transforming its energy systems toward cleaner, cheaper, and more resilient electrification. This transition demands not only technology, but a shift in mindset: we must support battery deployment and properly compensate essential system services that have long been overlooked. By doing so, Spain can become a beacon of sustainability and economic strength in Europe. With a highly capable team, a robust project pipeline, and—crucially—the support of national and EU policymakers, we are ready to deliver real, lasting change.”