Lenzing to offtake power from 5.5-MWp solar project in Austria

• Austrian wood-based specialty fibres maker Lenzing AG (VIE: LNZ) will certainly acquire the power from a 5.5-MWp solar park that green power producer Enery as well as power business Energie Steiermark are set to integrate in the state of Styria.

The electrical power will certainly be supplied under a 20-year power acquisition agreement (PPA), the business claimed recently.

Enery as well as Energie Steiermark will certainly build the solar plant on a location of 50,000 sq m in the Frauental district with construction job readied to start this year. When up and running in April 2023, the park will certainly can creating 6 GWh of clean power each year which represents the annual intake of regarding 1,800 houses.

The project calls for an investment of about EUR 4.4 million (USD 4.42 m).

"In order to lower our carbon emissions also additionally according to our tactical targets, we aim in the future to count to an also higher degree on electrical energy created from renewable energies," said Lenzing's president Stephan Sielaff.

As part of these efforts, the specialty fibres provider is installing a number of photovoltaic or pv systems at its site in Lenzing, Upper Austria, where its head workplace lies. The commissioning of the biggest ground-mounted plant is imminent.

"Principles such as these will certainly make us much less based on worldwide power markets in the medium to long-term and also further support our transition from a linear to a round economy version," Sielaff added.

Lenzing, which goes after a 50% decrease in carbon emissions by 2030, is greening not just its procedures in the house. The business has actually switched to clean energy in Indonesia where its subsidiary PT. South Pacific Viscose (SPV) has actually been making use of renewable power because July.