Eastern European solar operator GoldenPeaks Capital has entered into a power purchase agreement (PPA) with NGK Ceramics Polska.
Under the 10-year PPA, GoldenPeaks Capital will virtually supply approximately 125GWh 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.
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.
Minoru Shibata, president of NGK Ceramics Polska, said: “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 PPA will empower the company to enhance their share of renewable energy across their operations, contributing to its long-term environmental ambitions.”
