popular articles

Borealis and Burgenland Energie: a PPA for renewable energy in Austria

Borealis and Burgenland Energie have signed a Power Purchase Agreement (PPA) to supply renewable energy to Borealis in Austria. This partnership marks a major step towards Borealis' goal of running entirely on renewable electricity by 2030.
Accord Achat Électricité Renouvelable Autriche

Please share:

Borealis, one of the world’s leading suppliers of advanced, sustainable polyolefin solutions, and Burgenland Energie, Austria’s leading wind and solar power producer, have signed their first PPA. This ten-year agreement provides for the supply of renewable electricity from a hybrid energy park located in Nickelsdorf, Austria.

Project details

From January 2026, Burgenland Energie will begin supplying around 70 GWh a year of wind and solar power to the Borealis facilities in Schwechat. This amount of energy is equivalent to supplying 15,855 homes annually, making a significant contribution to Borealis’ sustainable energy practices. This agreement enables Borealis to secure 55% of its electricity from renewable sources for its operations in Austria.

Environmental benefits

This APP is expected to significantly reduce Borealis’ annual Scope 2 emissions by around 7,300 metric tons. Over the ten-year period of the agreement, this represents a total reduction of 73,000 metric tons of Scope 2 emissions, demonstrating the company’s commitment to environmental sustainability.

Burgenland Energie’s vision

Burgenland Energie is a leader in renewable energy production in Austria, developing hybrid wind and solar farms across the country. This initiative supports Austria’s goal of achieving 100% renewable energy in its electricity system, and transforming Burgenland into one of the world’s first climate-neutral and energy-independent regions.

A commitment to the future

Thomas Gangl, CEO of Borealis, expressed his pride in the collaboration, underlining the importance of the agreement in achieving the company’s goal of sourcing all its electricity from renewable sources by 2030. Stephan Sharma, CEO of Burgenland Energie, added that this partnership exemplifies how collective efforts can lead to significant change, using Burgenland’s wind and solar energy to power Borealis’ operations.
This agreement between Borealis and Burgenland Energie is a concrete example of how companies can work together to achieve ambitious sustainability goals. By combining their expertise and resources, these two companies are leading the way towards a greener, more sustainable future.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
Engie targets the top of its 2024 forecasts after strong quarterly performance
Engie targets the top of its 2024 forecasts after strong quarterly performance
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
Dangote denounces the import of low-quality fuel undermining the growth of his refinery in Nigeria. The lack of control infrastructure hampers the enforcement of the country’s new fuel standards.
Dangote denounces the import of low-quality fuel undermining the growth of his refinery in Nigeria. The lack of control infrastructure hampers the enforcement of the country’s new fuel standards.
Schneider Electric announced the sudden departure of its CEO Peter Herweck, who had been in office since May 2023, due to disagreements over the company’s strategy. Olivier Blum takes over immediately.
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
Japanese electricity giant JERA reports a 52% decrease in its net semi-annual profit, marked by delayed adjustments in fuel prices and losses in the U.S. market. Analysis of the challenges and strategies to stabilize its performance.
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
Hit by equipment failure and challenging economic conditions, U.S.-based Dow reports a decline in net profits for the third quarter, while revenues show slight growth.
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
Eni's Profit Drops 73%: The Group Weakened by Falling Oil Prices
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.
Equinor announces a decline in its quarterly profits and adjusts its investment strategy in renewable energy, impacted by delays in the Dogger Bank project.

Advertising