ENCAVIS and Aliaxis sign a long-term Power Purchase Agreement (PPA) for the European business operations of Aliaxis
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EQS-News: ENCAVIS AG
/ Key word(s): Contract/Agreement
Corporate News Aliaxis is a global leader in advanced fluid management solutions that enable access to water and energy. With more than 15,000 employees the Company provides communities around the world with sustainable innovative solutions like e.g. pipe and fittings systems which meet the demanding needs for the building, infrastructure, industrial and agriculture sectors. ENCAVIS’ 38 MW solar park in Montefiascone in the Lazio region, about 100 km Northwest of Rome, is planned to be connected to the grid in 2025. Under the PPA, Aliaxis will settle a volume of around 50 gigawatt hours (GWh) of electricity per year produced by ENCAVIS (500 GWh over 10 years), which corresponds to a large part of the electricity consumption of Aliaxis’ businesses in Europe. "Sustainability is at the core of our Growth with Purpose strategy. When it comes to our planet, we need to act now,” commented the CEO of Aliaxis, Eric Olsen. “This is why we set a short-term target for a CO2decrease of 75% per tonne of production onAliaxissites. Our action plan includes an objective of reaching 100% renewable electricity by 2025. Our European operations have made excellent progress as we have secured production of renewable electricity corresponding to a large portion of our operations as of 2025. Our Pacific region will be fully powered by renewable electricity next year, and our four production facilities in Quebec, North America, have achieved 100% renewable electricity status, we continue to make strides in our sustainability goals.” “We are very pleased to have Aliaxis as a renowned partner, whom we can support in its sustainability strategy with our green electricity on a long-term basis,” said Mario Schirru, CIO/COO of Encavis AG, welcoming the conclusion of the joint agreement. “Montefiascone is another convincing project which we realise in these turbulent times – after having signed several PPAs successfully in Spain, Germany, Finland and Denmark, we can now add our first unsubsidised Italian project to our list.”
About Aliaxis: More information available on www.aliaxis.com About ENCAVIS: Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe. ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG’s environmental, social and governance performance has been awarded by two of the world’s leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their “AA” level and ISS ESG with their “Prime” label. Additional information can be found at www.encavis.com
Contacts: Encavis AG
19.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | ENCAVIS AG |
| Große Elbstraße 59 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 4037 85 62 -0 |
| Fax: | +49 4037 85 62 -129 |
| E-mail: | info@encavis.com |
| Internet: | https://www.encavis.com |
| ISIN: | DE0006095003 |
| WKN: | 609500 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1839453 |
| End of News | EQS News Service |
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1839453 19.02.2024 CET/CEST
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