NSG Group introduces renewable electricity in Poland

PARIS--(Korea Newswire)--NSG UK Enterprises, part of the NSG Group, has signed a power purchase agreement (PPA) with EDP Renewables (EDPR), the world's fourth-largest renewable energy producer, for the renewable electricity generated by a wind farm located in Poland.

John Wilgar, Head of Procurement at NSG Group added: “We are delighted to sign our first virtual PPA with our partner EDPR for the majority of our electricity demand in Poland. This helps us to secure renewable electricity at predictable costs over the long term in a market with a highly carbon-intensive grid. It is a huge step towards our sustainability objectives in support of our actions on climate change.”

It is the first virtual PPA by NSG Group and the first PPA signed by a glass manufacturer in Poland. NSG will offtake 51% of the output from the wind farm, which has a total installed capacity of 70 MW. The PPA will have a duration of 10 years, starting in January 2022.

The contract will see approximately 100 gigawatt-hours (GWh) of NSG Group’s annual electricity demand supplied at a fixed price-reducing exposure to the volatile wholesale electricity prices currently seen. This amount of clean energy is equivalent to avoiding the carbon emissions from nearly 15,000 passenger vehicles driven for one year, or more than 278 million kilometers driven by an average passenger car.

Schneider Electric, the leading advisor on corporate renewable energy procurement globally, supported NSG Group in the selection of and negotiations for the project.

Philippe Diez, Partner Sustainability Business Division Europe for Schneider Electric added: “It is exciting to partner with the first glass manufacturer to introduce renewable electricity in Poland. Glass manufacturers have a critical role to play in global decarbonization - especially as it relates to the automotive sector - and we congratulate NSG on their commitment to source renewable energy.”

NSG Group is targeting to source the equivalent of at least 50% of its electricity (by kilowatt-hour) globally from renewables by the fiscal year 2024. This PPA will contribute to this target and towards the NSG Group’s Science Based Target for carbon emission reduction by avoiding approximately 80,000 tonnes of carbon per year.

The Group aims to achieve a 2% annual reduction in carbon emissions (Scope 1 and 2) during the three-year period of the Company’s Revival Plan 24. The Group’s ambition is to achieve a 21% reduction by 2030 compared to its 2018 levels and to detail its roadmap to achieve carbon neutrality by disruptive innovation. (*)

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This is a news release distributed by Korea Newswire on behalf of this company.