Sandoz launches renewable energy partnership to cover nearly 90% of electricity demand for European operations

Group 1 - Sandoz has signed a 10-year virtual Power Purchase Agreement (PPA) with Elawan Energy for new solar projects in Valladolid, Spain, marking a significant step in its decarbonization strategy [1][3] - The partnership is expected to meet nearly 90% of the electricity demand across Sandoz's European operations, with a total installed capacity of 150 MW for the new solar projects [2][7] - Sandoz's commitment to environmental sustainability is highlighted by its collaboration with Elawan Energy, which aims to reduce the company's environmental footprint and advance its sustainability goals [3][6] Group 2 - Sandoz has previously submitted a Commitment Letter to the Science Based Targets Initiative (SBTi) to set science-based carbon emission reduction targets, with plans to submit its strategy for validation by January 2026 [3][6] - The company recorded net sales of USD 10.4 billion in 2024, showcasing its significant role in the global healthcare market [6]