Introduction
In the dynamic landscape of renewable energy, strategic partnerships are paving the way for a sustainable future. This blog delves into the recent collaboration between Axpo, a Swiss energy giant, and Borealis, a global leader in sustainable polyolefin solutions. Together, they've embarked on a journey to accelerate the energy transition through the signing of two new long-term wind power purchase agreements (PPAs) in Sweden and Belgium.
Expanding Horizons: Axpo and Borealis' Renewable Journey
The partnership between Axpo and Borealis is not new; it has been strengthened over the years through multiple PPAs. The latest agreements mark their fourth and fifth collaboration, underscoring a shared commitment to sustainable energy. In Sweden, Axpo has commenced the supply of 125 GWh of renewable energy annually to Borealis facilities, sourced from the Lake Wind AB onshore wind farm. Meanwhile, in Belgium, Borealis' sites are receiving 70 GWh of wind-generated power each year, harnessed from turbines located at the Port of Antwerp.
A Symbiotic Relationship: Mutual Benefits and Market Trends
These PPAs are more than just business transactions; they represent a symbiotic relationship between the two companies. Axpo, with its extensive experience in managing renewable energy portfolios, provides tailored solutions that cater to the needs of large organizations like Borealis. This collaboration is a testament to the growing trend of cross-border energy agreements in Europe, which are crucial for advancing the energy transition.
Towards a Greener Future: Borealis' Ambitious Goals
Borealis is not just a beneficiary in this partnership; it's a driving force for change. The company has set an ambitious goal to source 100% of its electricity for its Polyolefins and Base Chemicals business units from renewable sources by 2030. The recent PPAs with Axpo are expected to significantly reduce Borealis' Scope 2 emissions, contributing to a greener planet and a sustainable future.
Conclusion
The collaboration between Axpo and Borealis is a shining example of how strategic partnerships can drive the energy transition. It's a reminder that collective efforts are essential for re-inventing essentials for sustainable living. We invite you to explore more about renewable energy and join the movement towards a more sustainable 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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