Novelis Inc. has signed a green power purchase agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy. The PPA will cover the extensive part of up to 40 percent of the electricity used at two major Novelis manufacturing plants in Germany, Nachterstedt Recycling and Nachterstedt Rolling, which corresponds to around 16 percent of the company’s total German electricity consumption.
The PPA will run for 10 years and will provide Novelis with renewable electricity of around 58 GWh per year, sourced 100 percent from German wind and solar installations The PPA will decrease carbon emissions from Novelis’ electricity consumption by more than 17.000 t CO2e per year and 170.000 t CO2e in total. This move is part of Novelis’ commitment to reduce its carbon footprint by 30 percent by 2026 from a fiscal year 2016 baseline and reaching carbon neutrality by 2050 or sooner.
Novelis has signed a PPA to feed approximately 16 percent of its electricity needs at its German production sites with 100 percent renewable energies, as part of its commitment toward carbon neutral production.