Mpact signs five-year PPA with Enpower for 30 GWh/y of renewable energy
JSE-listed paper and plastics packaging and recycling company Mpact has signed a five-year power purchase agreement (PPA) with energy trader Enpower Trading, which will see it supply 30 GWh/y of renewable energy to power Mpact’s Felixton, Mkhondo and Springs paper mills in South Africa.
The renewable energy will be sourced from commercial and industrial renewable energy company SolarAfrica's SunCentral solar PV plant located in De Aar, in the Northern Cape.
“By securing a reliable supply of renewable energy, we are not only reducing our environmental footprint but also ensuring the long-term sustainability and competitiveness of our manufacturing facilities,” says Mpact CEO Bruce Strong.
“This partnership aligns perfectly with our vision for a more sustainable future, and demonstrates Mpact's commitment to environmental stewardship and operational efficiency.”
Further, the partnership will enable Mpact to reduce its carbon footprint by an estimated 30 000 t/y of CO2, and facilitate its transition to using renewable-energy sources for its critical manufacturing processes, he adds.
Meanwhile, the PPA underscores the companies' dedication to fostering a greener economy and enhancing energy security through sustainable solutions.
“This PPA exemplifies how strategic collaborations can drive the adoption of clean energy solutions in industrial sectors,” says Enpower Trading CEO James Beatty.
“Enpower Trading aims to empower businesses like Mpact with the tools they need to achieve their sustainability goals while contributing to a robust and resilient energy landscape in South Africa.”
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