Danish industrial conglomerate Schouw & Co. has signed its first European PPA with Encavis AG.
The 10-year PPA will see Schouw & Co. source green electricity from Encavis’ 55 MW Fundici solar park in Guillena, near Seville, Spain, with operations expected to commence in H1 2025.
Under the agreement, Schouw & Co. will receive approximately 88 GWh of renewable electricity per annum, totalling 880 GWh over the contract period, covering 40% of Schouw & Co.’s electricity needs across its European operations, including two production sites in Spain.
The PPA aligns with Schouw & Co.’s commitment to CO₂ reduction and decarbonisation targets across its portfolio businesses, which include BioMar, GPV, HydraSpecma, BORG Automotive Group, Fibertex Personal Care Group, and Fibertex Nonwovens A/S.
“At Schouw & Co., we are committed to decarbonisation and have ambitious long-term CO₂ reduction targets,” said Jens Bjerg Sørensen, CEO of Schouw & Co.
“This PPA with Encavis is a significant step in reducing emissions from purchased electricity.
“As a long-term owner, we focus on responsible development and transformation of all businesses in our portfolio, including lowering both direct and indirect emissions.”
Encavis AG’s CIO/COO, Mario Schirru, commented: “We are very pleased to have entered into this PPA with Schouw & Co., a renowned company. The cooperation demonstrates that Spain is one of the most important PPA markets in Europe.
“With 500 MW operational and an additional 317 MW under construction, we have a strong market presence in Spain, and a significant pipeline for future PPAs.”
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1moSolargis this is a really cool project I've had my eye on for a while. At 60MWp, how large an impact do you see this having on meeting the overall energy consumption of the city? More importantly, do you think it will make a positive enough impact to be worth the costs involved in building out additional infrastructure?