Introduction:
In a landmark move towards sustainable business practices, Aliaxis Holdings SA, a global leader in advanced fluid management solutions, has partnered with Hamburg-based renewable energy giant Encavis AG. This collaboration heralds a new era of green electricity in Europe, with a 10-year Power Purchase Agreement (PPA) set to significantly reduce carbon emissions and promote renewable energy usage.
A Pioneering Power Purchase Agreement:
This PPA marks Aliaxis' first foray into renewable energy procurement in Europe. Under the agreement, Aliaxis will receive approximately 50 gigawatt-hours (GWh) of electricity annually from Encavis' 38 MW solar park in Montefiascone, Italy. This ambitious initiative aligns with Aliaxis' goal of achieving 100% renewable electricity by 2025, demonstrating a firm commitment to environmental sustainability and carbon reduction.
Driving Sustainable Growth:
Aliaxis' CEO, Eric Olsen, emphasizes the urgency of addressing climate change and the company's dedication to its 'Growth with Purpose' strategy. With a target to reduce CO2 emissions by 75% per tonne of production, Aliaxis is making significant strides in its sustainability journey. The company's European operations are set to be largely powered by renewable electricity by 2025, with further achievements in its Pacific region and North American facilities.
Encavis: A Partner in Green Energy:
Encavis AG, renowned for its expertise in wind and solar energy, is playing a crucial role in supporting Aliaxis' sustainability objectives. Mario Schirru, CIO/COO of Encavis AG, expresses pride in partnering with Aliaxis and contributing to its green energy strategy. The Montefiascone solar park project is a testament to Encavis' ability to execute unsubsidized renewable energy projects in challenging times, adding to its impressive portfolio of PPAs across Europe.
Conclusion:
The collaboration between Aliaxis and Encavis is a significant milestone in the transition to clean energy and sustainable industrial practices. By harnessing the power of renewable energy, Aliaxis is not only reducing its environmental impact but also setting a precedent for other companies to follow. This partnership exemplifies how corporate responsibility and environmental stewardship can go hand in hand, paving the way for a greener future.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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