Coveris advances sustainability efforts

Coveris has already gradually switched to green energy. Most recently, the European packaging company signed a 10-year purchase agreement with Neoen to cover the electricity needs of its European plants.

Now the company has taken its second major step towards a greener future by entering into a physical power purchase agreement with CE Rigmuir, advised by Alpha Real – a specialist real asset investment manager.

Following the European energy transition, Coveris now meets the renewable energy needs of its 18 UK sites, stresses the company. This contract allows for the transaction of physical green electricity, meaning that sustainable sourcing will account for over half of Coveris' UK electricity requirements. The supply agreement will commence on 1 September and, in addition to the green electricity, Coveris will also benefit from Renewable Energy Guarantee of Origin certificates.

The 13.5 MW (approximately 40 500 MWh) onshore wind project is located in East Kilbride, South Lanarkshire, Scotland. Together with EDF Business Solutions, the project supports and facilitates the reliable transfer of energy from the wind farm to Coveris' energy supply through our new energy contracts.