Enfinity Global Partners with VW Kraftwerk GmbH
Milan - Enfinity Global, a prominent renewable energy company, is excited to announce a new partnership with VW Kraftwerk GmbH, part of the Volkswagen Group. This collaboration involves the supply of Guarantees of Origin (GOs) generated from Enfinity's solar power plants located in Italy.
Details of the Agreement
The contract entails a purchase of around 40 GWh of GOs each year for the next decade, amounting to a total of 400 GWh. These GOs are derived from Enfinity's renewable energy resources, ensuring that a substantial volume of electricity is produced from sustainable sources and fed into the energy grid. This initiative aims to directly impact the reduction of carbon emissions related to the lifecycle of electric vehicles.
CEO Statement on Sustainability
"We are thrilled to support the Volkswagen Group as it transitions its electric vehicle fleet to achieve carbon neutrality. It aligns with our mission to facilitate the evolution of mobility in Europe," stated Carlos Domenech, CEO of Enfinity Global. He added, "Enfinity is dedicated to providing innovative energy solutions that add considerable value to our clients, supporting everything from 24/7 Power Purchase Agreements to the issuance of Guarantees of Origin."
Importance of Guarantees of Origin
Julio Fournier Fisas, Enfinity Global's General Manager for Europe, emphasized the importance of GOs, calling them a crucial and clear instrument for driving renewable energy use and expediting the energy transition. He elaborated, "This partnership illustrates how valuable collaborations across different sectors can lead to significant environmental benefits while working towards climate neutrality in Europe."
Strategic Role in Energy Solutions
This agreement highlights Enfinity Global's ongoing commitment to serving as a key ally for global enterprises looking to adopt renewable energy solutions within their operational frameworks. By assisting in the decarbonization of industrial supply chains, Enfinity Global is playing a vital role in building a low-carbon and robust energy future. GOs serve a dual purpose; not only do they authenticate the renewable source of energy, but they also aid in enhancing ESG traceability and compliance with European sustainability regulations.
Enfinity Global's Global Presence
With a strong international footprint and an impressive pipeline of 37 GW, Enfinity Global is a frontrunner in the renewable energy landscape. The company offers comprehensive energy solutions aimed at helping industries transition to sustainable practices. Enfinity's operations in Italy feature a growing portfolio of solar photovoltaic power plants and battery storage systems, exceeding 8.6 GW, thereby significantly contributing to the nation's carbon reduction targets and energy stability.
Frequently Asked Questions
What is the main purpose of the partnership between Enfinity Global and VW Kraftwerk GmbH?
The partnership aims to supply 400 GWh of Guarantees of Origin from renewable energy sources, aiding in reducing CO? emissions associated with electric vehicles.
How long will the agreement last?
The agreement is set for a duration of ten years, with an annual supply of approximately 40 GWh.
What benefits do Guarantees of Origin provide?
GOs certify that energy has been generated from renewable sources and contribute to transparency in energy use, helping to accelerate the transition towards sustainability.
How does Enfinity Global support renewable energy adoption?
Enfinity Global offers integrated energy solutions, including Power Purchase Agreements and Guarantees of Origin, to promote the use of renewable resources across various sectors.
What is Enfinity Global's capacity in Italy?
Enfinity Global is active in Italy with a portfolio of solar PV plants and battery energy storage systems that exceed 8.6 GW, contributing valuable support to the country’s energy needs.
