Sofidel has signed a 10-year supply agreement with Spanish renewable energy company ACCIONA Energía, a move it said will save the group 12,870 metric tons of CO2 per year.
The Power Purchase Agreement (PPA) covers the company’s plant in Buñuel, Navarra, and will provide it with 90 gigawatt hours per year of renewable electricity from ACCIONA Energía’s renewable facilities in Spain.
It will also provide for the supply of electricity with 100% renewable origin accreditation certified by Spain’s National Commission for Markets and Competition, as well as access to ACCIONA Energía’s GREENCHAIN application, a platform based on blockchain technology that allows the renewable origin of energy to be tracked in real-time.
Using this tool, Sofidel said it will know which ACCIONA Energía production plant and which renewable source supplied each MW to its plant.
Riccardo Balducci, Sofidel Energy & Environment Director, said: “In line with its path toward a low-carbon economy, Sofidel is pursuing a multi-option energy procurement policy, linked to the different legislative, infrastructural and environmental contexts in which it operates.
“The signing of the PPA with ACCIONA Energía fits into this pattern and represents a decisive step toward achieving our goals.”
Sofidel added its 2030 CO2 emission reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with the reductions needed in order to limit global warming to well below 2°C under the Paris Agreement.
These objectives include a 40% reduction in Scope 1, Scope 2 and Scope 3 CO2 emissions in relation to its suppliers’ pulp production activities; in addition to a further objective of a 24% reduction in Scope 3 CO2 emissions per metric ton of paper.
