Borealis secures renewable energy supply. Borealis and Axpo have signed their second long-term power purchase agreement (PPA) in six months.
The deal involves a newly commissioned wind farm in Kröpuln, Finland, and covers the supply of renewable energy to Borealis’ production operations in Porvoo from 2024.
By providing an additional 100 gigawatt hours of renewable energy each year, the new PPA brings Borealis closer to achieving its goal of using 100% renewable electricity in its European Polyolefins and Hydrocarbons business areas by 2030.
Despite a challenging energy market, Borealis remains committed to its ambitious energy and climate targets, including reducing its Scope 2 emissions.
Borealis Executive Vice President Wolfram Krenn said the PPA signals the company’s dedication to driving the energy transition and having a positive impact on the communities it serves.