Borealis, Vattenfall Enter into Long-Term Renewable Hydropower PPA

Green Energy Borealis, Vattenfall Enter into Long-Term Renewable Hydropower PPA

07.03.2024 Source: Press release Borealis 1 min Reading Time

Related Vendors

Lutz Pumpen GmbH

Maag Pump Systems AG

Italvacuum, Srl

Borealis AG

Under the terms of the contract, Vattenfall has begun supplying Borealis’ operations in Stenungsund with a total of 175 GWh of renewable energy per year from its hydropower plants in Sweden.

Borealis and Vattenfall sign their first long-term hydropower PPA to source renewable power in Sweden.
(Source: © Jennie Lind/Vattenfall)

Vienna/Austria – Borealis and Vattenfall have recently signed their first long-term renewable hydropower purchase agreement (PPA) in December 2023. Starting in January 2024, Vattenfall has begun to supply Borealis’ operations in Stenungsund with a total of 175 GWh of renewable energy per year from its hydropower plants located along the Lule River in Sweden over the course of the next ten years.

Thanks to this newly established PPA with Vattenfall and nine other PPAs signed with different partners since 2021, Borealis has already achieved its 2025 intermediate target of sourcing 40 % of the electricity needed for its Polyolefins and Base Chemicals operations from renewable sources well ahead of time.

Stay up to Date

Do you want the latest news, specialist articles and information on new products? Then you can register for our free newsletter:

Choose your Newsletter

Furthermore, it moves Borealis one step closer to utilizing 100 % renewable electricity in the production processes of these two key business segments by 2030.

This development represents a notable move towards decarbonization, as the renewable electricity generated through the new PPA is anticipated to result in a reduction of approximately 6,800 metric tons per year in Borealis' Scope 2 emissions at its Stenungsund facility. Over the course of the ten-year PPA, this amounts to a total reduction of 68,250 metric tons of Scope 2 emissions.

"By partnering with Vattenfall in the signing of this ten-year Power Purchase Agreement, we are taking a major step towards achieving our ambitious Energy & Climate targets, showcasing our dedication to re-inventing essentials for sustainable living. This long-term collaboration carries significant importance, catapulting Borealis beyond the critical milestone of securing over 40 % of our electricity for our operations from renewable sources well ahead of time,” says Wolfram Krenn, Executive Vice President Base Chemicals & Operations.

(ID:49954003)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7/9, 97082 Würzburg, Germany, including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.