Renantis has signed a power purchase agreement (PPA) with United Caps covering the output from its 47MW Åliden wind farm, which has been operating in Sweden since 2019.
The 46.8MW site, located in Örnsköldsvik, Vasternorrland, in Northern Sweden, produces 160 gigawatt hour of electricity annually.
The agreement will see United Caps purchase around 40% of the electricity produced by the wind farm over a 10-year period.
It will contribute directly to reducing Scope 1 & 2 emissions in line with United Caps’ reduction targets based on the Science Based Targets initiative (SBTi).
The PPA with Renantis will result in United Caps’ European operations using 100% green electricity.
“This is our second corporate PPA to close in Sweden and is another important step to contract our energy consistently under long-term power purchase agreements in line with our strategy of value creation,” said Toni Volpe, CEO of Renantis.
In 2019, Renantis signed a community benefit scheme for the Åliden wind farm to support the Trehörningsjö Intresseforening local association, where social and environmental projects are assessed and funded.