Novelis Inc., a leading sustainable aluminum solutions provider and a world leader in aluminum rolling and recycling, is proud to announce that it has signed a green PPA with Statkraft, Europe's largest producer of renewable energy. The PPA will cover the extensive part of up to 40% of the electricity used at two major Novelis manufacturing plants in Germany, Nachterstedt Recycling and Nachterstedt Rolling, which corresponds to around 16% of the company's total German electricity consumption.

The PPA will run for 10 years and will provide Novelis with renewable electricity of around 58 GWh per year, sourced 100% from German wind and solar installations. Starting delivery on March 1, 2024, the PPA will decrease carbon emissions from Novelis' electricity consumption by more than 17.000 t CO2e per year and 170.000 t CO2e in total. This move is part of Novelis' commitment to reduce its carbon footprint by 30% by 2026 from a fiscal year 2016 baseline and reaching carbon neutrality by 2050 or sooner.

"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," said Emilio Braghi, Executive Vice President, Novelis Inc. and President, Novelis Europe. "We are proud to collaborate with such a renowned and experienced supplier. Statkraft is the right partner to customize a green PPA that fully meets our local plants' needs."

Source: prnewswire.com