The 2023 target is part of its company carbon neutral goal for 2030. The prospective PPAs aim to enable the development of new renewable energy projects across Europe, with Schneider Electric supporting Velux in the procurement process as a full-service buyer's advisor. The Velux Group's primary motivation is to achieve its RE 100 target and bring new renewable energy onto the grid.
The prospective PPAs aim to represent a mix of clean technologies, with Velux looking to secure a long-term commitment to purchase power at a fixed price. The group is seeking to pursue new non-subsidised renewable energy projects in EU countries, ensuring clean energy is added to the grid and replacing ‘brown’ power produced from fossil fuels.
“The planet is facing dual climate and nature crises and we are committed to doing our part to achieve a more sustainable future” said Jörn Neubert, Senior Vice President of Supply, the Velux Group. “We're proud to be among the first companies in the world – and the first company in the construction industry - to take responsibility for both past and future carbon emissions with our Lifetime Carbon Neutral commitment, and this partnership with Schneider Electric is an important part of this.”
Renewable electricity purchasing is one part of the Velux Group's commitment to eliminate the company's reliance on energy produced by fossil fuels. The initial focus is on improving energy efficiency across all sites, as well as establishing onsite renewable heating and onsite renewable electricity capabilities by using solar cells. Combined, this will help the Velux Group reach its ambitious target of zero carbon on all sites by 2030.
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