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

Core Points - Sandoz has signed a 10-year virtual Power Purchase Agreement (PPA) with Elawan Energy for new solar projects in Spain, marking a significant step in its decarbonization strategy [1][8] - The partnership is expected to meet nearly 90% of Sandoz's current electricity demand across its European operations, with a total installed capacity of 150 MW for the new solar projects [2][3] Company Commitment - Sandoz emphasizes environmental sustainability as a core operational principle, reflecting its responsibility to the planet and its stakeholders [3] - The company has submitted a Commitment Letter to the Science Based Targets Initiative (SBTi) in 2024, indicating its intent to set science-based carbon emission reduction targets, with plans for validation submission by January 2026 [3] Operational Impact - The collaboration with Elawan Energy is part of Sandoz's ongoing efforts to decarbonize electricity use globally, complementing similar agreements for production operations across multiple sites [3] - In 2024, Sandoz reported net sales of USD 10.4 billion, highlighting its significant role in the global healthcare sector [6]