Aliaxis SA, a world leader enabling access to water and energy through innovative fluid management solutions, announced that it has signed a 10-year Power Purchase Agreement (PPA). This is Aliaxis’ first PPA in Europe.
Brussels-based Aliaxis Holdings SA signed the agreement with Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV).
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 CO2 decrease of 75% per tonne of production on Aliaxis sites. 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.”
