Faerch Group, a Danish food packaging company, has decided to source clean energy from a solar farm in Finland which will be constructed under the contract.
The Finnish solar farm will provide 70% of Faerch Group’s electricity consumption in the country per annum. Overall, the site is anticipated to produce an annual rate of 38 GWh of electricity with a switch-on date of 2026.
A 10-year power purchase agreement (PPA) with Better Energy, a Danish renewable energy company, will provide supplies for the site’s construction. The site was formerly a car park and is being built without state subsidies.
Tom Sand-Kristensen, Group CFO at Faerch Group, says: ““By securing renewable energy for our business, we’re able to make our Finnish operations more sustainable while ensuring there is more green energy in the Finnish grid.”
He adds that Faerch Group aims to achieve renewable power across its locations, with the PPA falling in line with this goal.
Better Energy and Faerch Group’s agreement is the former’s first PPA in Finland, however it already has a partnership in Poland. Faerch Group also has ties to Poland, as it currently buys electricity from Better Energy’s farm in Krapkowice.
