Genan, together with 24 other Danish companies, has signed a groundbreaking agreement to purchase electricity from a new solar park in Mesballe, Djursland. The agreement, a so-called Power Purchase Agreement (PPA), not only ensures electricity supply from renewable energy but also marks an important milestone for the companies’ role in the green transition.
A PPA is an electricity purchase agreement that allows companies to buy electricity directly from new solar and wind farms outside of the market and at a fixed low price over several years. The long-term agreements provide financing for the construction of the new wind and solar parks, thereby reducing the companies’ CO2 emissions while providing cost stability.
The new solar park will be able to produce 14 million kWh annually, equivalent to the electricity consumption of more than 3,100 Danish households. The solar park is expected to be ready by the end of the year.
“At Genan, we have high energy consumption, and it is crucial for us that this is covered by renewable energy to achieve our ambitious climate goals,” says Christian Kirkegaard Madsen, Group CFO at Genan, and continues, “We are pleased that we can now help realise this PPA project in collaboration with 24 other climate-ambitious companies and the electricity supplier, Reel. It has proven that the green transition is not always straightforward when it comes to government approvals, so it is a great victory to get this project in place.”
Solar Park with a Focus on Biodiversity
The solar park in Djursland is designed with respect for both the climate and local biodiversity. About 40,000 square meters of the area will be left free of solar panels to promote the growth of wild plants and provide habitats for bats. Additionally, fruit trees will be planted under the transformer lines, and wildflowers will be sown around the solar panels to strengthen the local flora.
Genan’s commitment to the solar project demonstrates the company’s continued focus on sustainable solutions and green transition, both in terms of energy consumption and collaboration with the local community.
