Assan Alüminyum invests in clean energy, acquires new solar power plant in Karaman

Assan Alüminyum, a leading global producer of flat-rolled aluminium, has enhanced its sustainability initiatives by acquiring a solar power plant in Karaman. Spanning 11.37 hectares, the facility boasts a clean energy generation capacity of 10 MWp, underscoring the company's dedication to renewable energy production and reducing its carbon footprint.

Image source: Assan Alüminyum

About the acquisition

The acquisition aligns with Assan Alüminyum's newly released Decarbonisation Roadmap, which sets the company's goal of achieving net-zero carbon emissions by 2050. This solar plant will play a crucial role in reaching key roadmap milestones, aiding in the reduction of Assan Alüminyum's carbon footprint by offsetting its Scope 2 market-based emissions.

"With this solar power plant, we are taking another important step toward increasing our renewable energy portfolio and reducing our carbon emissions. Our mission is to 'produce the future without wasting it' and this acquisition reflects our commitment to lowering our carbon intensity, therefore contributing to circular economy," said Göksal Güngör, General Manager of Assan Alüminyum.

In addition to the new solar plant, Assan Alüminyum operates a hydroelectric renewable energy facility in Manavgat, which generates a significant amount of clean energy, nearly matching the company's annual electricity consumption. This further bolsters its sustainability objectives. By utilizing renewable energy sources and acquiring International Renewable Energy Certificates (I-REC), the company effectively offsets its Scope 2 market-based emissions.

Sustainability strategy

Assan Alüminyum is actively implementing energy efficiency projects that have successfully reduced both natural gas and electricity consumption as part of its comprehensive sustainability strategy. The company's commitment to sustainable practices has garnered international recognition, as it received the Aluminium Stewardship Initiative (ASI) Performance Standard Certificate for its production and recycling facilities.

Assan Alüminyum's initiatives to lower its carbon footprint have garnered financial backing, recently securing $90 million in green financing from the International Finance Corporation (IFC). This achievement makes it the first company in its sector to obtain a fully climate-labeled green loan. Driven by its core values of reliability, flexibility, innovation, and sustainability, Assan Alüminyum is committed to positively impacting both the economy and the environment as it works towards a more sustainable future.