Sandoz launches renewable energy partnership with Elawan Energy

Sandoz (SDZNY) announced the signing of a 10-year virtual power purchase agreement with Elawan Energy for new-build solar projects in Valladolid, Castilla y Leon, Spain. This agreement marks a concrete step in the company’s decarbonization strategy, reinforcing its commitment to climate action and sustainable operations. Europe is home to the majority of Sandoz operations, and this partnership is expected to meet nearly 90% of current electricity demand across the company’s European sites. Under the agreement, Sandoz and Elawan Energy will jointly develop new solar projects with a total installed capacity of 150 MW.