Novelis Inc., the world's leading sustainable aluminium provider and a global leader in aluminium rolling and recycling, has announced that it has signed a green Power Purchase Agreement (PPA) with Statkraft, the largest producer of renewable energy in Europe.
This PPA will encompass a significant portion, up to 40 per cent, of the electricity consumption at two key Novelis manufacturing facilities in Germany: Nachterstedt Recycling and Nachterstedt Rolling. This agreement represents approximately 16 per cent of the company's overall electricity usage in Germany.
Emilio Braghi, the Executive Vice President of Novelis Inc. and President of Novelis Europe, said, "Enabling our plants to power a significant part of their production with renewable electricity while decreasing carbon emissions and preserving natural resources is a perfect match to our Novelis purpose and brings us an important step forward on our sustainability journey."
"We are proud to collaborate with such a renowned and experienced supplier. Statkraft is the right partner to customise a green PPA that fully meets our local plants' needs."
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