ABO Wind has entered into a power purchase agreement (PPA) with pumps manufacturer Grundfos to supply it with 80% of its European energy consumption with wind power.
The agreement enables Grundfos to receive clean power generated by a wind farm currently being built in the municipality of Haapajärvi, Finland.
The development, consisting of 14 Vestas turbines, will be fully commissioned by the end of 2023.
With significant manufacturing presence in Europe, Grundfos has committed itself to buying energy sourced from the wind farm for the next 10 years.
The agreement also allows Grundfos to reach its 2030-target of reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 50% already in 2025.
Head of department project finance & sales Finland of ABO Wind Karolin Pampel said: It’s very encouraging when businesses who are leaders in their industry are determined to take the lead in the green transition and invest heavily in renewable energy solutions.
“We look forward to helping Grundfos lead the way towards a future powered by clean, green energy.”
Grundfos executive vice president and chief financial officer Mikael Geday added: “We took bold steps forward in our sustainability ambitions in setting net-zero and 2030 science-based targets.
“Our science-based targets highlight our leadership in taking climate action across our footprint.
“We now take our sustainability journey to the next level by reaching our 2030-targets five years ahead of time. The partnership with ABO Wind will significantly reduce our carbon footprint and is a statement of our intent and a signal we have a clear roadmap to deliver on our promises.”