1. The electricity company in Portugal
2. Portuguese leader in the ceramics sector

Iberdrola and Gres Panaria have announced a new long-term Power Purchase Agreement (PPA) that guarantees the supply of solar photovoltaic energy for the next 10 years to the Portuguese leader in the ceramics sector.

The agreement, which starts in 2025, aims to provide a total of 92 GWh of clean energy during the term of the contract, allowing Gres Panaria Portugal to reduce its carbon footprint and reinforce its commitment to sustainable practices, essential in a sector increasingly focused on environmental responsibility.

With this PPA, Gres Panaria Portugal will be able to obtain renewable energy supply, contributing significantly to the reduction of the company’s CO2 emissions and thus guaranteeing its long-term stability in energy supply.

‘We are active agents in the decarbonisation of the industry. It is part of our corporate objectives that are closely linked to our environmental objectives. This PPA with Gres Panaria Portugal rightly reflects our commitment to sustainable development and the promotion of renewable energies, especially in an important sector for Portugal, such as the ceramics industry’, highlights Rui Afonso, General Manager of Iberdrola Clientes Portugal.

In addition to the environmental benefits, the PPA allows Gres Panaria Portugal to mitigate the risks and effects of the volatility of the energy markets, guaranteeing greater stability in the cost of electricity, production and customer service.

According to Marco Mussini, Chairman of the Board of Directors of Gres Panaria Portugal, ‘this agreement goes beyond the energy issue. Sustainability has been a fundamental line in the development of the company’s strategy. It reinforces our mission to produce in a sustainable way, maintaining the highest quality standards, and at the same time reducing the environmental impact of the operation, through the redesign and optimisation of industrial processes and the products of our brands, which are more sustainable and properly integrated into the green economy in Portugal’.

By turning to a photovoltaic solar energy source, Gres Panaria Portugal not only strengthens its competitiveness, but also contributes directly to the growth of the green economy in the country. The agreement benefits the company while supporting national and European climate goals, placing Portugal at the forefront of the energy transition.

The electricity company in Portugal

Iberdrola is a global leader in renewable energy and one of the largest electricity companies in the world. The company has been working in Portugal since 2003, increasing its renewable energy production portfolio and offering green energy, solar energy and electric mobility solutions in the business and residential sectors.

As one of the leading renewable energy developers in Portugal, Iberdrola has several photovoltaic and wind farms and the largest hydroelectric project in Portugal: Tâmega, with three power plants – Alto Tâmega, Gouvães and Daivões, which involved an investment of more than 1.6 billion euros with a total installed capacity of 1,158 MW, which will avoid the emission of 1.2 million tonnes of CO2 per year and facilitate the integration of other renewable energy technologies.

After avoiding the emission of 26.7 million tonnes of CO2 in 2023, Iberdrola obtained, in 2024, the highest classification in green transition (‘Green’) by the agency Fitch Sustainable.

Portuguese leader in the ceramics sector

Gres Panaria Portugal S.A. was established in 2006 with the acquisition of the second industrial unit of Panariagroup in Portugal. In 2002, Panariagroup acquired the first industrial unit in Portugal, located in Ílhavo, producing ceramic material for the Maronagres brand, currently called Margres Ceramic Tiles. Subsequently, in 2005, it acquired the second industrial unit, located in Aveiro, producing ceramic material for the Novagres brand, which in 2008 was renamed Love Ceramic Tiles. In 2023, Gres Panaria Portugal acquired Gresart S.A. as part of its growth and diversification plan. Gresart Cerâmica Industrial, S.A. was founded in 1981 and is based in Oliveira do Bairro.

Currently, the three industrial units of Gres Panaria Portugal have an installed capacity of 10 million m2/year.

Gres Panaria Portugal S.A. employs more than 600 employees in Portugal.

In addition to the production and administrative areas, the brands also have their own showrooms in Aveiro, Oliveira do Bairro and Lisbon.