The partnership will also allow Grundfos to reach its 2030-target of reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 50% in 2025, five years ahead of schedule.
Under the new partnership, Grundfos will receive clean, green energy from a wind farm, currently being built in Haapajärvi, Finland. The wind farm, consisting of 14 Vestas turbines, will be fully commissioned by the end of this year. With significant manufacturing presence in Europe, Grundfos has committed itself to buying energy sourced from the wind farm for the next 10 years.
The agreement links to Grundfos’ overall emission reduction strategy. Last year, the company became the first in the water solutions sector to receive full validation of its 2050 net-zero target from the Science-Based Targets initiative (SBTi). SBTi also validated the company’s near-term target of halving its Scope 1 and 2 GHG-emissions by 2030.
“We took bold steps forward in our sustainability ambitions in setting net-zero and 2030 science-based targets,” said Mikael Geday, Executive Vice President & Chief Financial Officer of Grundfos. “We now take our sustainability journey to the next level by reaching our 2030-targets five years ahead of time. The partnership with ABO Wind will significantly reduce our carbon footprint and is a statement of our intent and a signal we have a clear roadmap to deliver on our promises.”
Karolin Pampel, Head of Department Project Finance & Sales Finland at ABO Wind, added: It’s very encouraging when businesses who are leaders in their industry are determined to take the lead in the green transition and invest heavily in renewable energy solutions. We look forward to helping Grundfos lead the way towards a future powered by clean, green energy.”