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Spain is leading the way in solar power across Europe, with more utility-scale capacity installed and in development than any other EU country. Building on this foundation, Cisco signed a 15-year agreement in 2024 with Spanish renewable energy provider IGNIS to purchase 60,000 MWh of solar energy annually. The agreement supports the construction of a new solar plant in Aragón and is expected to supply enough energy to match 100% of Cisco’s electricity needs in Europe while adding 20,000 MWh to the national grid. This partnership supports Cisco’s net-zero ambitions, drives local job creation and reinforces Spain’s clean energy and digital transformation efforts. Learn more on Invested in Europe. 

AmCham EU met with Dan Jørgensen, European Commissioner for Energy and Housing, to address the transatlantic relationship and its role in the EU's energy agenda. The discussion also addressed the importance of improving the EU's regulatory conditions to strengthen its competitiveness and energy resilience. Liam Benham (Boeing), Chair and Malte Lohan, CEO took the opportunity to emphasise the commitment of US companies in working closely with the EU on this path.

The Clean Industrial Deal (CID) is an important contribution to the EU’s strategy to accelerate decarbonisation and ensure industrial competitiveness. The plan will seek to de-risk private investment, secure energy affordability and ensure regulatory simplification. The recognition of technological neutrality will strengthen investment conditions and allow for a wider range of clean technologies to contribute to Europe’s climate goals.

However, the American Chamber of Commerce to the EU (AmCham EU) is concerned about the inclusion of a European preference principle in the Public Procurement Framework across a wide range of sectors. The scale and speed of investment required for clean tech deployment in Europe can only be achieved with the contribution of American companies, including the provision of best-in-class technologies and significant expertise. US investment in the EU totals $2.7 trillion – three times the amount of US investment in the entire Asia-Pacific region. Restricting access for trusted partners would slow down industrial decarbonisation, increase costs and reduce the efficiency of the clean transition.

A successful Clean Industrial Deal should focus on fostering an open, competitive and investment-friendly environment to drive Europe’s economy and decarbonisation.