Falck Renewables signs a 10-year corporate PPA for the Brattmyrliden wind farm in Sweden
PRESS RELEASE
FALCK RENEWABLES SIGNS A 10-YEAR CORPORATE PPA FOR THE BRATTMYRLIDEN WIND FARM IN SWEDEN
MILAN, Italy, July 22, 2020 – Falck Renewables S.p.A. announces the signing of a Corporate Virtual Power Purchase Agreement (VPPA) between its subsidiary Brattmyrliden Vind AB – owning a wind farm under construction in Sweden – and Ball Corporation, the global aluminum packaging provider.
The contract, whose duration is 10 years, will provide for the coverage of around 70% of the electricity produced by the wind farm. The VPPA signed today will address approximately 39% of Ball’s electricity load for its beverage packaging plants in Europe, excluding Russia, from 2021.
In 2019, Ball was one of the top 10 corporate buyers of renewable energy in the U.S. and has committed to address 100% of its electricity use in its European beverage packaging plants with clean power.
The Brattmyrliden wind farm (74.1 MW), which is expected to start commercial operations in the last quarter of 2020, is located in the municipality of Örnsköldsvik, Sweden. When in operation, the wind farm is expected to generate up to 263.5 GWh of electricity yearly, that is equivalent to the amount of energy necessary to supply around 52,700 homes [1].
“We are delighted for this agreement with Ball and glad to help a major corporation, that shares our commitment for decarbonization, to meet their sustainable goals through our green energy. This Corporate PPA represents also an important milestone for Falck Renewables’ growth in the Nordics”, commented Toni Volpe, CEO of Falck Renewables.
Ron Lewis, President, Ball Beverage Packaging EMEA, said: “This power purchase agreement with Falck Renewables underlines our ongoing commitment to a low-carbon future, helping us both to achieve our recently approved Science Based Targets on climate change and to meet the significant sustainability commitments of our customers.”
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Falck Renewables S.p.A., listed on the Italian stock exchange in the STAR segment (“FKR.MI”) and included in the FTSE Italia Mid Cap Index, develops, designs, builds and manages power production plants from renewable sources, with an installed capacity of 1,133 MW (1,096.3 MW according to the IFRS 11 reclassification) in the United Kingdom, Italy, United States, Spain, France, Norway and Sweden, using wind power, solar power, WtE and biomass technologies. The Group is a global player in the renewable energy technical advisory and asset management services business, through its wholly owned subsidiary Vector Renewables, providing asset management services to clients accounting for approximately 2,800 MW of installed capacity and with experience in more than 40 countries.
Visit www.falckrenewables.com and connect with us on LinkedIn and Twitter (@falckrenewables).
About Ball Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 18,300 people worldwide and reported 2019 net sales of $11.5 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
Contacts:
Falck Renewables
Giorgio BOTTA – Investor Relations – Tel. +39 02 2433 3338
Alessandra RUZZU – Media Relations – Tel. + 39 02 2433 2360
SEC Newgate S.p.A
Daniele Pinosa, Fabio Leoni, Fabio Santilio – Tel. +39 02 6249991
CDR Communication
Vincenza Colucci – Tel. +39 335 6909547