Novelis Inc. a leading provider of sustainable aluminum solutions and a global leader in aluminum rolling and recycling, recently announced the signing of a green power purchase agreement (PPA) with Statkraft, Europe’s leading renewable energy producer.
This agreement will cover a significant portion, approximately 16%, of the electrical needs of two of Novelis’ main manufacturing plants in Germany: Nachterstedt Recycling and Nachterstedt Rolling. These plants represent up to 40% of the company’s total electricity consumption in the country.
The collaboration between the two entities will last for 10 years and will provide Novelis with renewable electricity of around 58 GWh per year, 100% of which will come from German wind and solar installations. As of March 1, 2024, the PPA will reduce carbon emissions from Novelis’ electricity consumption by more than 17,000 t CO2e per year and 170,000 t CO2e in total. This measure is part of this company’s commitment to reduce its carbon footprint by 30% by 2026 from the fiscal year 2016 baseline and achieve carbon neutrality by 2050 or earlier.
“Enabling our plants to power a significant portion of their production with renewable electricity, while decreasing carbon emissions and preserving natural resources, is a perfect match for our Novelis purpose and provides us with an important step forward in our sustainability journey.”said Emilio Braghi, executive vice president of Novelis Inc. and president of Novelis Europe who added that
“we are proud to collaborate with such a recognized and experienced supplier. Statkraft is the right partner to customize a green PPA that fully meets the needs of our local plants”.
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