Cisco, the multinational technology conglomerate, has announced its plans to bolster the sustainability of its European operations through a 15-year solar energy agreement in Spain. The firm will be procuring 60,000 MWh annually of solar energy from IGNIS, a Spanish renewable energy provider.
In a press release by Cisco, it was highlighted that this investment underscores the company's commitment to Spain's digital transformation. The company has invested in various projects aimed at fostering innovation and developing an advanced digital infrastructure. This particular agreement is expected to contribute renewable energy to the Spanish public grid, stimulate economic growth and create jobs in local economies. The solar plant is projected to be fully operational by March 2024.
As per information available on the company website, Cisco had set a goal in 2021 to achieve zero greenhouse gas emissions by 2040. In 2023, Cisco consumed more than 1.3 million MWh of renewable electricity, which constituted nearly 91% of its global electricity demand. The recent investment is anticipated to supply sufficient solar energy to meet all annual electricity requirements for Cisco's European operations over the next 15 years.
Mary de Wysocki, Cisco's Chief Sustainability Officer said: "Our purpose is to power an inclusive future for all, and this agreement is an important moment in our journey to net zero, continuing our transition away from fossil fuels and towards a regenerative future. Long-term agreements like this project enable Cisco not only to reduce our own emissions but also help increase the overall renewable capacity. It also reinforces Cisco’s commitment to Spain’s digital transformation and aligns with the government’s agenda towards clean energy; being the most impactful multi-year energy contract for Cisco in Europe."
