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Sofidel Signs Renewable Energy Agreement

Sofidel has signed a Power Purchase Agreement (PPA) with energy providers RWE Renewables Europe & Australia and PPC Renewables through their joint venture company Meton Energy S.A.

Under the terms of the 10-year agreement, Sofidel will purchase renewable energy generated and delivered to the electricity grid from the joint venture. RWE and PPC are currently constructing a solar energy farm in the Western Macedonia region in the north of Greece to supply the power. Once operational, the facility will supply Sofidel with around 21 gigawatt hours of green electricity per year, saving the company around 12,500 tons of carbon dioxide emissions annually. Financial terms of the agreement were not announced.

“Signing the PPA is another major step on our journey towards our goal of increasing the use of energy derived from renewable sources,” said Riccardo Balducci, Sofidel sustainability director.

About Sofidel
Sofidel is an international manufacturer and distributor of paper and food service products. For more information, visit www.sofidel.com.