On Monday, Feb. 19, Novelis Inc. signed a long-term green Power Purchase Agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy.
According to the press release, the PPA will cover the extensive part of up to 40% of the electricity used at two major Novelis manufacturing plants in Germany, Nachterstedt Recycling and Nachterstedt Rolling. That corresponds to around 16% of the company’s total German electricity consumption.
“Enabling our plants to power a significant part of their production with renewable electricity while decreasing carbon emissions and preserving natural resources, is a perfect match to our Novelis purpose and brings us an important step forward on our sustainability journey,” said Emilio Braghi, Executive Vice President of Novelis Inc. and President of Novelis Europe.
The PPA will run for 10 years and will provide Novelis with renewable electricity of around 58 gigawatt-hour (GWh) per year, sourced 100% from German wind and solar installations. It will also decrease carbon emissions from Novelis starting March 1, 2024. Electricity consumption by more than 17.000 t CO2e per year and 170.000 t CO2e in total.
This move is part of Novelis’ commitment to reduce its carbon footprint by 30% by 2026 from a fiscal year 2016 baseline and reaching carbon neutrality by 2050 or sooner.
One of the company’s goals is to provide low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with suppliers as well as its customers in the aerospace, automotive, beverage can, and specialties industries in North America, Europe, Asia, and South America.
“We are proud to collaborate with such a renowned and experienced supplier. Statkraft is the right partner to customize a green PPA that fully meets our local plants’ needs,” Braghi said.
