{"id":6036,"date":"2023-05-09T09:38:57","date_gmt":"2023-05-09T09:38:57","guid":{"rendered":"https:\/\/www.sofidel.com\/comunicato\/greece-sofidel-signs-ppa-with-rwe-and-ppc-to-supply-100-renewable-energy-to-its-plant-in-katerini\/"},"modified":"2023-05-09T09:35:14","modified_gmt":"2023-05-09T09:35:14","slug":"greece-sofidel-signs-ppa-with-rwe-and-ppc-to-supply-100-renewable-energy-to-its-plant-in-katerini","status":"publish","type":"comunicato","link":"https:\/\/www.sofidel.com\/en\/press-releases\/greece-sofidel-signs-ppa-with-rwe-and-ppc-to-supply-100-renewable-energy-to-its-plant-in-katerini\/","title":{"rendered":"Greece: Sofidel signs PPA with RWE and PPC to supply 100% renewable energy to its plant in Katerini"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><strong>10-year Power Purchase Agreement (PPA) for delivery of 21 GWh each year<\/strong><\/li><li><strong>Solar power to be delivered from a photovoltaic plant in Western Macedonia<\/strong><\/li><li><strong>The plant is to be fully operational by end of Q1\/2024<\/strong><\/li><li><strong>The agreement will allow Sofidel to save 12,500 tonnes of CO<sub>2<\/sub> per year<\/strong><\/li><li><strong>Agreement helps promote Sofidel\u2019s target of sourcing renewable electricity for its factories<\/strong><\/li><li><strong>Second Power Purchase Agreement between RWE and Sofidel<\/strong><\/li><\/ul>\n\n\n\n<p><strong>Porcari (LU), Italy, 09 May 2023<\/strong> \u2013 <strong>Sofidel<\/strong>, one of the world\u2019s largest producers of paper for hygienic and domestic uses, <strong>has signed a Power Purchase Agreement (PPA) with energy leaders RWE Renewables Europe &amp; Australia<a> <\/a>and PPC Renewables through their joint venture company Meton Energy S.A.<\/strong>.<\/p>\n\n\n\n<p>Under the terms of the 10-year agreement, <strong>the joint venture will provide Sofidel with around 21 gigawatt hours of green electricity per year<\/strong>. RWE and PPC, Public Power Corporation S.A., the leading electricity producer and supplier in Greece, are <strong>to build a solar farm in the Western Macedonia region in the north of Greece to supply the power<\/strong>. Following this recent investment decision, construction work is already underway along with four other similar projects run by the joint venture company Meton Energy S.A.. The five plants with a total capacity of around 210 MWp (175 MWac) are <strong>scheduled to be fully operational by the end of Q1\/2024<\/strong>.<\/p>\n\n\n\n<p>\u201c<em>Signing the PPA is another major step on our journey towards our goal of increasing the use of energy derived from renewable sources,\u201d <\/em>says <strong>Riccardo Balducci, Sofidel Group Sustainability Director<\/strong>.<em> \u201cThe agreement is part of our multi-option energy procurement policy for promoting a low-carbon economy and helping the introduction of additional renewable capacity on the market<\/em>\u201d. \u201c<em>This agreement is the result of full commitment on all sides. It builds on the first bilateral power purchase agreement RWE signed with Sofidel last year for one of our onshore wind farms in Italy,\u201d <\/em>says <strong>Olaf Lubenow, Head Commodity Solutions UK, North- &amp; South-Europe at RWE Supply &amp; Trading<\/strong>.<em> \u201cWe are delighted to<\/em> <em>establish long-term partnerships with front runners like Sofidel, demonstrating how climate protection is possible under market conditions<\/em>\u201d. &nbsp;<\/p>\n\n\n\n<p>Thanks to this 10-year agreement, <strong>Sofidel will save around 12,500 tonnes of CO<sub>2<\/sub> emissions per year<\/strong><a id=\"_ftnref1\" href=\"#_ftn1\">[1]<\/a>, supporting its ambitious climate protection goals and strengthening its commitment to a sustainable future for people and the planet. Sofidel\u2019s greenhouse gas (GHG) emissions reduction targets by 2030 have been approved by the Science Based Targets initiative (SBTi) for compliance with the necessary reductions to keep warming well below 2\u00b0C, in line with the goals of the Paris Agreement.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sofidel.com\/wp-content\/uploads\/2023\/05\/EN_Press-release_Greece-Sofidel-signs-PPA-with-RWE-and-PPC.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Download the press release<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><a id=\"_ftn1\" href=\"#_ftnref1\">[1]<\/a> Calculation based on \u201cGreenhouse gas emission intensity of electricity generation\u201d data for 2021 as published by the European Environmental Agency (<a href=\"https:\/\/www.eea.europa.eu\/data-and-maps\/daviz\/co2-emission-intensity-12\/#tab-chart_2\" rel=\"nofollow\">https:\/\/www.eea.europa.eu\/data-and-maps\/daviz\/co2-emission-intensity-12\/#tab-chart_2<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sofidel has signed a Power Purchase Agreement (PPA) with energy leaders RWE Renewables Europe &#038; Australia and PPC Renewables through their joint venture company Meton Energy S.A..<\/p>\n","protected":false},"featured_media":3724,"template":"","comunicati_cat":[228],"class_list":["post-6036","comunicato","type-comunicato","status-publish","has-post-thumbnail","hentry","comunicati_cat-press-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/comunicato\/6036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/comunicato"}],"about":[{"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/types\/comunicato"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/media\/3724"}],"wp:attachment":[{"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/media?parent=6036"}],"wp:term":[{"taxonomy":"comunicati_cat","embeddable":true,"href":"https:\/\/www.sofidel.com\/en\/wp-json\/wp\/v2\/comunicati_cat?post=6036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}