Schouw & Co. and ENCAVIS Ink 10-Year Green Energy Deal

Schouw & Co., based in Aarhus, Denmark, and Encavis AG, a German operator of wind and solar parks, have signed a 10-year Power Purchase Agreement (PPA). This agreement will provide Schouw & Co. with green electricity from Encavis' 55 MW solar park in Guillena, Spain. The renewable energy supplied will cover over 40% of the electricity needs for Schouw & Co.'s European operations, substantially aiding in their CO₂ reduction goals.

This marks Schouw & Co.'s first PPA in Europe, demonstrating a commitment to decarbonization. Jens Bjerg Sørensen, CEO of Schouw & Co. emphasized the importance of responsible development in lowering emissions across their business portfolio.

Encavis AG views this deal as a testament to Spain's significance in the European PPA market, highlighting their strategic market presence. With substantial capacities under construction, Encavis plans further expansion in Spain.