According to plans made by GPV owners Schouw & Co., in the future, GPV’s European sites will buy electricity from renewable energy sources such as wind turbines and solar power plants. This is due to the recently announced co-operations between Schouw & Co. and Schneider Electric.
GPV, owned by Schouw & Co., will become part of Schouw & Co.’s new initiative, which aims to reduce greenhouse gas emissions (GHG) across the Group with 35 per cent (scopes 1+2) by 2030. The initiative will make sure that Schouw & Co.’s more than 40 factories across Europe will source electricity from renewable energy sources such as wind turbines and solar power plants.
The initiative is launched in co-operation with Schneider Electric, the global energy optimisation specialist, for the purpose of entering a Power Purchase Agreement (PPA) to secure a supply of renewable electricity for Schouw & Co.’s factories in Europe.
The new partnership with Schneider Electric will secure Schouw & Co.’s leading industrial businesses – BioMar, Fibertex, Personal Care, Fibertex Nonwovens, GPV, HydraSpecma and Borg Automotive – a supply of renewable electricity while also reducing their electricity costs if electricity prices under a PPA remain at current levels.
“At GPV, we have initiated a process to map possibilities and take initiatives that will form the foundation for achieving our long-term objectives of our climate and environmental efforts to reduce GHG emissions with 50% towards 2025. The PPA is just one of these initiatives,” says Bo Lybaek, CEO at GPV.
Furthermore, in the beginning of 2022, GPV decided to install solar panel systems at the new factories in Sri Lanka and Thailand to install solar panel systems as part of the construction projects. Our sites in Asia are the largest contributors to our overall GHG emissions due to a combination of business volume and local emission factors. However, we expect the solar panel systems to help reduce GHG emissions by a substantial margin.