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GPV Enters Power Purchase Agreement for Danish Solar Park
September 26, 2024 | GPVEstimated reading time: Less than a minute
Recently, GPV entered into a Power Purchase Agreement (PPA) with Reel for its Danish entities. The PPA supports the construction of a 14,00 GWh/year solar park situated at Mesballe on Djursland in Denmark.
With the agreement, GPV purchases approx. 5% of the solar park’s expected production. The electricity will be used at GPV’s two Danish production sites in Tarm and Aars. The agreement covers around 1/3 of GPV’s Danish electricity consumption at the two Danish production sites.
The agreement is valid for five years from when the park is put into operation, expected in December 2024.
“I am very pleased with this agreement which will bring us one step closer to our GHG 2028 target. We have ambitious targets to reduce our scope 1 & 2 carbon emission intensity by 70% towards 2028 (baseline 2020) through various reduction and optimisation initiatives as well as through PPAs and we are actively looking into pursuing additional PPA agreements in other European countries,” says Bo Lybæk, CEO at GPV Group A/S.
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