X-ELIO closes six US PPAs with Cisco, Biogen, IDEXX, and Waters Corporation

Posted on March 12th, 2025 | Filed under Press Releases

Under Sustainability Roundtable, Inc.’s Net Zero Consortium for Buyers (NZCB), these industry-leading companies have signed 12-year agreements with X-ELIO
The six PPAs are tied to the Star Dairy and Rosebud projects, which are expected to begin operations in 2027 and provide 367,000 MWh of clean energy annually

MADRID, March 12, 2025 /PRNewswire/ — X-ELIO, a global leader in the renewable energy sector, and the Net Zero Consortium for Buyers (NZCB) have announced the signing of six virtual power purchase agreements (PPAs) for a combined total capacity of 172 MW in the United States. The consortium includes major companies such as Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation. This milestone has been achieved through the mediation of Sustainability Roundtable, a pioneering organization in corporate sustainability.

The energy for these 12-year arrangements will be sourced from X-ELIO’s Star Dairy and Rosebud projects in Texas. Under this partnership, these projects are expected to supply an estimated 367,000 MWh annually, with operations set to begin in 2027.

Six PPAs to achieve NZCB’s sustainability goals

Cisco Systems, Biogen, IDEXX Laboratories, and Waters Corporation have signed multiple PPAs with X-ELIO, further reinforcing their commitment to sustainability. Cisco’s two agreements support its goal of achieving net-zero emissions across its value chain by 2040. Biogen, which has operated on 100% renewable energy since 2014, takes another step in its sustainability leadership with two PPAs. IDEXX Laboratories, aiming for 100% renewable electricity by 2030, has secured a 20 MW deal. And Waters Corporation, through a 17 MW PPA, moves forward in its strategy for more sustainable operations.

Nicholas Pentreath, X-ELIO’s CEO Deputy, stated: “Today, once again, we announce another key milestone of partnership for the company. We are honored to be the selected and trusted partner to bring supply and price certainty to energy-intensive sectors with ambitious ESG and net zero targets, such as the technological, health, and pharmaceutical industries.”

Mirko Molinari, X-ELIO’s Chief Commercial Officer, informed: “X-ELIO is proud to continue advancing its commercial strategy alongside companies that share our core values and principles. Through tailor-made sustainable solutions, we establish mutually beneficial relationships that not only promote a greener future but also support the business growth of our partners.”

Kerri Neary, Country Manager for X-ELIO in the United States, stated: “X-ELIO continues to show our commitment and capability in providing cost-competitive clean energy throughout the United States. With a pipeline of over 5 GW of solar and storage, we are ready to lead the energy transition and meet the growing demand for renewable energy throughout the Country.”

About X-ELIO:
X-ELIO, a Brookfield-owned company, specializes in the development of renewable energy projects with a global presence in Spain, Italy, the United States, Japan, Australia, Latin America and the Middle East. With 20 years of experience and more than 3 GW built, this world-leading company is strongly committed to sustainability, the reduction of greenhouse gases, and the fight against climate change.

For more information, please visit our website at www.X-ELIO.com, our LinkedIn profile at https://www.linkedin.com/company/x-elio, or our X profile at https://twitter.com/X_Elio.

About the Net Zero Consortium for Buyers:
Sustainability Roundtable, Inc.’s Net Zero Consortium for Buyers (NZCB) is a confidential renewable energy buyers’ community that creates transactions favorable for corporate buyers. The NZCB enables enterprises to chart a cost-effective path to Net Zero emissions globally. SR Inc Member-Clients have made the NZCB the leading transaction platform for corporate aggregated utility-scale renewable energy procurement in North America and Europe. NZCB participants democratize the financial and environmental benefits of utility-scale clean energy.

Press contacts:
X-ELIO
Isabel Ruiz
[email protected]