Kingspan Group, a global building materials company, has signed a PPA with the solar energy company Alight. Alight will invest in, deliver and manage the rooftop photovoltaic plant at the Kingspan factory, and Kingspan has signed an energy purchase agreement to buy electricity from the plant.
– We are extremely pleased to announce our collaboration with Kingspan. Rooftops are largely underutilized areas in Sweden, and many industrial rooftops here are well suited for solar power generation. Solar rooftop installations are a good complement to purchasing electricity from large-scale solar parks, says Harald Överholm, CEO of Alight.
Headquarted in Ireland, Kingspan has long been committed to accelerating a net zero emissions future. The agreement with Alight, which extends over 25 years, will help the Group hedge its electricity costs, reduce its environmental impact and protect against volatility in the electricity market.
– Climate change is the most important issue facing the world, and the construction industry has an important role to play in climate change mitigation. We believe in low energy buildings for a clean energy future and solar energy is part of that future, says Anja Cronholm, Marketing Manager Nordic & Baltics at Kingspan.
The solar rooftop installation at Kingspan Stigamo factory will have an installed capacity of 1310-kilowatt power (kWp). It will produce approximately 1.15 GWh a year, equivalent to meeting the average annual household electricity consumption of 230 single-family homes. The Stigamo factory solar rooftop plant, the largest BTM (behind-the-meter) corporate PPA in the region, will be completed and begin delivery of clean electricity in the summer 2021.
Kingspan is a member of RE100, a global initiative that brings together the world’s most influential companies committed to using 100% renewable electricity.
– The corporate PPA market in Europe is growing rapidly, thanks in large part to pioneering projects like this. RE-Source congratulates Kingspan and Alight Energy on their innovative work and look forward to seeing more projects like this in the future, says Hannah Hunt, Impact Director at RE-Source, Europe’s leading forum for corporate purchasing of renewable energy funded by, among others, RE100.