31 May 2023

Faerch Group signs 10-year PPA commitment with Better Energy

Headquartered in Denmark, Faerch Group will use the renewable energy generated from two solar parks in Poland to power its operations in the country. Better Energy’s solar parks, near the towns of Polanów and Postomino, are expected to produce around 30 GWh of renewable energy each annually.

Faerch Group, a leading supplier of circular, multi-purpose food packaging with integrated recycling capability, has signed a 10-year Power Purchase Agreement (PPA) with Better Energy.

The PPA with Better Energy will provide Faerch Group with reliable and cost-effective renewable energy, helping the company reduce its carbon footprint while contributing to Poland’s renewable energy targets. Corporate PPAs offer companies a stable and predictable source of energy while also providing financial benefits and accelerating the green energy transition.

Poland’s increasing demand for energy and efforts to reduce carbon emissions has led to a growing need for renewable energy production. The Polanów and Postomino solar parks, owned and operated by Better Energy, are part of the solution to meet this demand and accelerate the transition to a more sustainable energy system in Poland.

Faerch Group supplies manufacturers, retailers, service providers and airlines with food packaging solutions designed to optimise production flow, supply chain and total cost of ownership. In addition, Faerch Group collaborates with global brands, owners and retailers to develop sustainable and innovative ways of delivering goods to consumers. With a network of state-of-the-art production and recycling facilities across Europe, the company is committed to reducing its environmental impact and supporting sustainability initiatives.

“We are pleased to partner with Better Energy on this important renewable energy project,” said Tom Sand-Kristensen, Group CFO at Faerch Group. “This 10-year PPA provides us with a stable and cost-effective source of renewable energy, enabling us to meet our sustainability targets and support the transition to a more sustainable energy system in Poland."

Better Energy’s commitment to renewable energy and sustainability makes it a natural partner for companies looking to reduce their carbon footprint and support the green energy transition. PPAs are a key tool for achieving these goals, providing companies with a reliable and affordable source of renewable energy.

“At Better Energy, we believe that direct corporate PPAs are a key tool for accelerating the transition to a more sustainable energy system. We are excited to partner with Faerch Group to help them meet their sustainability goals and reduce their carbon footprint through this 10-year PPA,” said Mikkel Thorup Hansen, Director of PPAs at Better Energy. “This agreement shows that companies like Faerch have the power to drive positive change and take control of their energy consumption by directly sourcing renewable energy.”