Air Products And Eneco Sign 10-Year Power Purchase Agreement For Solar Electricity In The Netherlands
Portfolio Pulse from Benzinga Newsdesk
Air Products (APD) has signed a 10-year Power Purchase Agreement (PPA) with Eneco for solar electricity in The Netherlands, marking a significant step towards sustainability. This agreement will see APD sourcing the majority of its energy needs for liquid nitrogen and oxygen production from the Vlagtwedde Solar PV farm, reducing emissions equivalent to the carbon footprint of about 45,000 households. This move aligns with APD's long-term vision for decarbonizing the industrial gases sector and its previous commitments to sustainability in Europe.
February 12, 2024 | 4:03 pm
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Air Products signs a 10-year PPA with Eneco for solar electricity in The Netherlands, emphasizing its commitment to sustainability and reducing emissions.
The agreement with Eneco underlines Air Products' commitment to sustainability and its strategy to reduce carbon emissions. This move is likely to be viewed positively by investors and customers who are increasingly valuing corporate responsibility towards the environment. The long-term nature of the PPA and its alignment with APD's previous sustainability initiatives in Europe suggest a strategic approach to decarbonizing its operations and could enhance its reputation and competitive position in the industrial gases sector.
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