Tag: renewable energy

Ingka Investments makes EUR 340 million investment in nine solar PV park projects in Europe as part of its commitment towards a renewable energy future

Stuart Mitchell

Ingka Investments, the investment arm of Ingka Group, acquires nine solar PV park projects in Germany and Spain from solar PV developer, ENERPARC. The total investment in the solar PV development portfolio will amount to approximately EUR 340 million. The expected energy capacity of the solar PV parks equals 300 megawatts in Germany across four solar PV development projects and 140 megawatts in Spain across five solar PV development projects. The expected production of the solar PV parks in Germany and Spain is equivalent to the electricity consumption of roughly…

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LG Pledges Transition to 100 Percent Renewable Energy by 2050

Stuart Mitchell

LG Electronics Inc. made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement in the just released LG Electronics Sustainability Report comes on top of its earlier commitment to carbon neutrality through the Zero Carbon 2030 initiative in which LG has pledged to reduce carbon emissions in the production stage to 50 percent of 2017 standards by 2030. The transformation will be implemented region by region starting in North America where every office and manufacturing site will be…

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New wind farm investment will ensure enough renewable energy to provide for all Mars hospital operations in U.S. following expansion of Mars Veterinary Health

Stuart Mitchell

Mars, Incorporated is announcing a new power-purchase agreement with Apex Clean Energy to provide renewable energy that will cover more than 100 percent of the electricity needed for its 2,000 veterinary hospitals in the U.S. This allows Mars to continue to meet its sustainability goal to source 100 percent renewable electricity in the U.S., as it has since 2015. This agreement is designed to address the company’s significant business growth, including the expansion of Mars Veterinary Health.  Mars estimates nearly 11 million new pets were welcomed to U.S. homes in 2020,…

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Enel Green Power Espana announces a 10-year agreement for a fully renewable energy supply with Johnson & Johnson

Stuart Mitchell

Enel Green Power España, has signed a 10-year, fully renewable Pan-European Virtual Power Purchase Agreement (VPPA) with the international healthcare company Johnson & Johnson for 270 GWh/year of renewable power originated from a total generation capacity of 104 MW. This VPPA will start in January 2023 and, along with other agreements previously signed by the international healthcare company, will bring Johnson & Johnson to the equivalent of 100% renewable electricity in Europe by 2023. This is a huge step towards its climate goal of 100% renewable electricity globally by 2025.…

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Hyundai Motor Group Affiliates to Join Climate Group’s RE100, Aim to Expand Renewable Energy Use

Stuart Mitchell

Hyundai Motor Group (the Group) has announced that five key affiliate companies, including Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia), will join Climate Group’s RE100, a global initiative committed to moving toward 100 percent renewable energy. Joining 300 other global companies, the Group plans to further accelerate efforts on sustainable development and carbon neutrality. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc., each will submit applications to the Korea RE100 Committee later this month. While all five companies aim to transition…

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