Schouw & Co. Secures 10-Year Green Energy Deal with Encavis to Power European Operations
(IN BRIEF) Schouw & Co., a Danish industrial conglomerate, has entered into a 10-year Power Purchase Agreement (PPA) with ENCAVIS AG, a renewable energy provider in Germany, to power its European operations with green energy. Beginning in 2025, Schouw & Co. will receive 88 GWh of electricity annually from Encavis’ 55 MW solar park in Andalucia, covering over 40% of its electricity needs in Europe. This agreement aligns with Schouw & Co.’s CO₂ reduction goals, while Encavis continues expanding its renewable energy projects in Spain.
(PRESS RELEASE) HAMBURG/AARHUS, 30-Oct-2024 — /EuropaWire/ — Schouw & Co., a prominent Danish industrial conglomerate, has signed its first European Power Purchase Agreement (PPA) with German renewable energy provider ENCAVIS AG. This 10-year agreement will supply Schouw & Co. with green electricity generated by Encavis’ 55 MW solar park in Guillena, near Seville, Spain. Starting in the first half of 2025, the deal will provide Schouw & Co. with 88 GWh of renewable energy annually, covering over 40% of the energy needs for its European operations, which include production sites in Spain.
Schouw & Co. CEO Jens Bjerg Sørensen emphasized the company’s commitment to decarbonization, viewing the agreement as an essential step toward meeting long-term CO₂ reduction goals. Encavis CIO/COO Mario Schirru welcomed the partnership, noting Spain’s role as a key market for PPAs in Europe and Encavis’ continued expansion of its solar portfolio in the region. This agreement comes shortly after Encavis acquired an additional solar park in Andalucia, highlighting its robust presence and future pipeline for renewable energy projects in Spain.
About Schouw:
Schouw & Co. was founded in 1878 and has since 1954 been listed on the Copenhagen Stock Exchange (Nasdaq Copenhagen). Schouw & Co. is an industrial conglomerate with a long-term investment horizon, enabling growth through transformation, building the companies of tomorrow by putting people first. Schouw & Co. invests in Danish industrial businesses-to business with an international perspective and business models and potential that can contribute to creating value for society and shareholders. The portfolio businesses are run as independent sub-groups within their own segment. At Schouw & Co., there is a continuous dedication and commitment to efforts within environmental, social and governance matters, and within this, one of the principles is guided by responsible and efficient production, targeting a transition toward 100% renewable electricity.
The portfolio of Schouw & Co. consists of: BioMar, a global leading manufacturer of high-quality feed for the fish and shrimp farming industries, GPV, a leading EMS provider specializing in electronics, mechanics, cable harnessing and mechatronics, HydraSpecma, experts in hydraulic solutions and components, Borg Automotive, one of Europe’s largest independent automotive remanufacturing companies, servicing distributors and original equipment manufacturers, Fibertex Personal Care, a producer of spunmelt nonwovens for personal hygiene products and Fibertex Nonwovens, a manufacturer of specialised nonwovens for a variety of industrial and consumer applications.
Additional information can be found at www.schouw.dk/en
About ENCAVIS:
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity currently adds up to around 3.6 gigawatts (GW), of which around 2.2 GW belong to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG. In addition, the Group currently has more than 1.2 GW of capacity under construction, of which around 900 MW are own assets.
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 (A-), the Carbon Disclosure Project (CDP) with its Climate Score “B” and Sustainalytics with its “low risk” ESG risk rating.
Additional information can be found at www.encavis.com
Media Contact:
Encavis:
Dr. Oliver Prüfer
Press Officer & Manager Public Relations
Tel.: + 49 (0)40 37 85 62 133
E-Mail: oliver.pruefer@encavis.com
http://www.encavis.com
Schouw & Co.:
Kasper Okkels
VP Business Development, Strategy & IR
Tel.: + 45 61 30 02 90
E-mail: kok@schouw.dk
SOURCE: ENCAVIS AG
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