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Ignitis Renewables signs largest corporate PPA with Umicore’s EV battery materials plant in Poland

Lithuanian state-owned energy company Ignitis announced today (31 October) that it has signed a 10-year corporate power purchase agreement (PPA) via its subsidiary Ignitis Renewables with Belgian mining company Umicore.

As part of the PPA, Ignitis Renewables will supply renewable electricity for Umicore’s electric vehicle (EV) battery materials plant in Nysa, southwestern Poland, from an onshore wind farm, Silesia Wind Farm II, to be built and operated by the Lithuanian state-owned company.

This agreement is the largest green corporate PPA concluded by Ignitis Renewables. It covers a substantial part of the expected electricity production of Silesia WF II, which is currently under construction in southwestern Poland and has an expected total capacity of 137 megawatts (MW).

“Through this PPA collaboration, we are proud to support Umicore in its production of battery materials for electric vehicles in Nysa through renewable electricity produced at our wind farm and hope to continue contributing to their path towards net-zero greenhouse gas emissions targets,” said Thierry Aelens, CEO at Ignitis Renewables.

He added that the conclusion of the PPA is a strategic milestone of Ignitis Renewables, supporting its commitment to provide green and flexible energy solutions and enhance the company’s capacity to deliver consistent, clean energy to partners in the Baltic states and Poland.

“Umicore is strongly committed to decarbonizing the battery materials supply chain and to achieving its goal of reaching Group-wide net zero greenhouse gas emissions for scope 1 and 2 by 2035. Electricity from renewable sources like wind and solar energy and the securing of long-term power purchase agreements, including the one with Ignitis, are key in reaching our ambitious targets,” said Géraldine Nolens, Executive Vice President ESG and General Counsel at Umicore.

The Silesia WF II is expected to be commissioned by the second half of 2024, Ingitis Renewables said in a press release.

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