Borealis and Burgenland Energie sign PPA in Austria

Borealis and Burgenland Energie sign PPA in Austria

Borealis will be utilizing 55% renewable electricity for its operations in Austria

  • By ICN Bureau | May 23, 2024

Borealis , one of the world’s leading providers of advanced and sustainable polyolefins solutions and a European front-runner in polyolefins recycling, and Burgenland Energie, the leading wind and solar power producer and green tech solution provider in Austria, have partnered up and signed their first power purchase agreement (PPA) in March 2024.

Under the ten-year agreement, renewable electricity will be provided by a hybrid renewable energy park located in Nickelsdorf, Austria, which is owned by Burgenland Energie’s subsidiaries Nick Alpha and Wind PV Operation. Burgenland Energie will begin supplying about 70 GWh per year of wind and solar energy to Borealis facilities in Schwechat, Austria, as of January 2026. This significant contribution equates to powering approximately 15,855 households annually, marking a substantial stride towards sustainable energy practices.

Through this long-term partnership, Burgenland Energie solidifies its position as a provider of green tech solutions for companies seeking to decarbonize their operations.

Additionally, Borealis is securing 55% renewable electricity for its operations in Austria and, thus, making headway towards its goal of sourcing 100% of electricity for its Polyolefins and Base Chemicals business units from renewable sources by the end of the decade.

The newly established PPA is expected to lead to a significant reduction of approximately 7,300 metric tons of annual Scope 2 emissions (indirect greenhouse gas emissions resulting from the purchase or acquisition of electricity, steam, heat, and cooling). Over the ten-year PPA period, this equals a decrease of 73,000 metric tons in Scope 2 emissions, showcasing the company's commitment to environmental sustainability.

"We are extremely proud to announce the signing of this significant hybrid Power Purchase Agreement with Burgenland Energie. We, thereby, take another step towards our goal of sourcing all electricity for our operations from renewable sources by the end of 2030. This new partnership exemplifies our dedication to spearheading the energy transition as well as our commitment to our purpose of re-inventing essentials for sustainable living,” says Thomas Gangl, Borealis CEO.

"When discussing climate change and the steps we're taking to combat it, it's crucial to recognize that individuals and companies play pivotal roles in achieving our goals. The partnership between Borealis and Burgenland Energie exemplifies how collective efforts can drive significant change, demonstrating that preserving our planet while maintaining high levels of innovation and technology is indeed achievable. By harnessing wind and solar energy from Burgenland from our wind-solar-agriculture hybrid park, we power Borealis, a perfect synergy for the challenges we face. I take pride in our proactive approach to making a difference,” adds Stephan Sharma, Burgenland Energie CEO.

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