EuroWire July 2024

Corporate News

Long-term renewable wind and solar agreement in Austria

neutral and energy-independent regions through renewable sources. In doing so, Burgenland Energie aims to support Austria’s goal of achieving 100 per cent renewable energy in its electricity system. Borealis will secure 55 per cent of renewable electricity for its operations in Austria, in a move towards its goal of sourcing 100 per cent of electricity for its polyolefins and base chemicals business units from renewable sources by the end of the decade. The newly established PPA is expected to lead to a reduction of approximately 7,300 metric tons of annual Scope 2 emissions (indirect greenhouse gas emissions resulting from the purchase or acquisition of electricity, steam, heat and cooling). “We are extremely proud to announce the signing of this significant hybrid power purchase agreement with Burgenland Energie,” said Thomas Gangl, Borealis CEO. “This new partnership exemplifies our dedication to spearheading the energy transition as

Borealis, a provider of advanced and sustainable polyolefins solutions, has partnered with Austrian wind and solar power producer Burgenland Energie, with the signing of a power purchase agreement (PPA). agreement, renewable electricity will be provided by a hybrid renewable energy park located in Nickelsdorf, Austria, that is owned by Burgenland Energie’s subsidiaries Nick Alpha and Wind PV Operation. Burgenland Energie will begin supplying around 70 GWh per year of wind and solar energy to Borealis facilities in Schwechat, Austria, as of January 2026. This equates to powering approximately 15,855 households annually, marking a substantial move towards sustainable energy practices. Burgenland Energie is advancing its position in the solar energy market by constructing wind and solar hybrid parks throughout Austria. This aligns with its vision to transform Burgenland into one of the world’s first climate Under the ten-year

Copyright: Burgenland Energie

Borealis and Burgenland Energie have signed their first long-term renewable wind and solar PPA

well as our commitment to our purpose of reinventing essentials for sustainable living.” Stephan Sharma commented, “When discussing climate change and the steps we’re taking to combat it, it’s crucial to recognise that individuals and companies play pivotal roles in achieving our goals. The partnership between Borealis and Burgenland Energie exemplifies how collective efforts can drive significant change.” Borealis AG www.borealisgroup.com Burgenland Energie https://burgenlandenergie.at Burgenland Energie CEO

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July 2024