GoldenPeaks Capital signs Virtual Power Purchase Agreement with NGK Ceramics Polska
Under the PPA, GoldenPeaks Capital will virtually supply approximately 125 GWh of carbon free renewable electricity on a yearly basis. The production will come from solar plants in Poland, the same market where NGK Ceramics Polska operates its facilities. This VPPA is an equivalent of powering approximately 60’000 homes per year in Poland.
NGK Ceramics Polska has been operating in Poland since 2003 as a global manufacturer of ceramic elements used in the automotive industry to control and limit the pollution from exhaust gases of combustion engines.
One of its main products - DPF – ceramic particulate filters for diesel engines, is designed to remove soot particles and other components from the exhaust gas, making them safer for the environment and people. NGK Ceramics Polska also produces filters for gasoline vehicles. In line with the companies’ missions and values, NGK Group is committed to the best environmental practices for the long term and environmental protection is one of its core businesses, based on the implementation of new technologies and contributing to the improvement of quality of life.
The targets of NGK Group are supported by the long-term PPA signed with GPC.
The VPPA is designed to save some 938’000 metric tons equivalent of CO2 (based on the current CO2 emission factor) during its agreed tenor. The energy production is planned to start in the upcoming year.
Minoru Shibata, president of NGK Ceramics Polska, stated that in the current challenging times, VPPAs are one of the measures allowing better control over the company budget and also significantly help to achieve the long-term demanding goals of carbon neutrality.
All companies, regardless of their size, should make necessary efforts to improve the environment and contribute to a better life for every person, now and in the future.
Adriano Agosti, founder and chairman of GoldenPeaks Capital said: “We are proud to contribute to the green footprint of NGK Ceramics Polska as a strong international leader in its field. The VPPA will empower the company to enhance their share of renewable energy across their operations, contributing to its long-term environmental ambitions.”
