Neste to introduce solar energy to its Porvoo refinery.
Neste has signed a purchase order settlement for solar energy provide to its Porvoo refinery in Finland with the renewable power firm CPC Finland Oy.
Solar energy provide from the Lakari photo voltaic plant in Rauma, Finland is anticipated to start out in spring 2024. As soon as prepared, the plant would be the largest working photo voltaic plant in Finland. The overall annual quantity of the settlement is roughly 24 GWh, which represents 75% of the annual capability of the Lakari photo voltaic plant in Rauma.
Markku Korvenranta, Govt Vice President for Oil Merchandise enterprise unit at Neste stated:
Neste’s settlement on solar energy is a helpful addition to our present wind energy and hydropower agreements.
“The agreed annual quantity corresponds to some 2% of the annual electrical energy consumption at our Porvoo refinery.”
Porvoo refinery has used 100% renewable electrical energy because the starting of 2022. As a result of deliberate growth at Neste’s refinery in Porvoo, using electrical energy is anticipated to extend over the approaching years. With the brand new settlement on the provision of solar energy, Neste goals to make sure that its electrical energy will proceed to be derived from renewable sources.
Neste is dedicated to combating local weather change and lowering local weather emissions each globally and regionally. To help these goals, the corporate has set formidable local weather targets: The signed solar energy settlement helps Neste’s dedication to cut back the carbon footprint of its manufacturing, serving to the corporate work in the direction of reaching carbon impartial manufacturing by 2035.
Neste is moreover dedicated to lowering prospects’ greenhouse gasoline emissions with its renewable and round options by at the very least 20 million tons CO2eq yearly by 2030 and the use part emission depth of bought merchandise by 50% by 2040, in addition to working with our suppliers and companions to cut back emissions throughout the whole worth chain (scope 3).
Additional data: Please contact Neste’s media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at
Neste in short
Neste (NESTE, Nasdaq Helsinki) creates options for combating local weather change and accelerating a shift to a round economic system. The corporate refines waste, residues and revolutionary uncooked supplies into renewable fuels and sustainable feedstock for plastics and different supplies.
Because the world’s main producer of sustainable aviation gasoline and renewable diesel and a forerunner in creating renewable and round feedstock options for polymers and chemical substances, Neste helps its prospects to cut back their greenhouse gasoline emissions by at the very least 20 million tons yearly by 2030.
The corporate’s ambition is to make the Porvoo oil refinery in Finland essentially the most sustainable refinery in Europe by 2030. Neste is dedicated to reaching carbon-neutral manufacturing by 2035, and can scale back the carbon emission depth of bought merchandise by 50% by 2040. Neste has additionally set excessive requirements for biodiversity, human rights and the provision chain.
The corporate has persistently been included within the Dow Jones Sustainability Indices and the World 100 listing of the world’s most sustainable corporations. In 2022, Neste’s income stood at EUR 25.7 billion. Learn extra: neste.com
About CPC Finland Oy
CPC Finland Oy specializes within the growth, building, and operation of wind farms and photo voltaic crops in Finland. Because the absolutely owned subsidiary of CPC Germania GmbH & Co. KG, a Germany-based entity, CPC Finland has efficiently constructed 4 wind farms with a complete capability exceeding 385 MW and is at present engaged within the building of extra initiatives.
The corporate boasts a sturdy growth portfolio, surpassing 600 MW. CPC Germania, established in 1993, stands as considered one of Europe’s oldest wind power corporations, with a exceptional observe document of over 50 initiatives and a cumulative capability exceeding 1000 MW. Working in Finland since 2011, CPC Finland is devoted to advancing sustainable power options within the area.
Neste to introduce solar energy to its Porvoo refinery, November 24, 2023