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The contract with Boston Scientific makes it possible to balance 80% of energy consumption in Europe through renewable energy and a virtual power purchase agreement.
Renewable energy company BayWare has just entered into a virtual power purchase agreement (VPPA) with Boston Scientific, a global leader in medical technology, to provide solar electricity. This is the first agreement of its kind signed by BayWare with a healthcare company, marking an important milestone in the renewable energy sector. Through this 10-year VPPA, the company will provide additional electricity from the 15,1 MW Alcalá solar farm in exchange for securing renewable energy for approximately 80% of Boston Scientific's European consumption, an action that reinforces Boston Scientific's commitment company with solar park.
Through this VPPA, Boston Scientific secures a sustainable energy source, strengthening its commitment to obtaining clean energy for its operations in Europe. This agreement also demonstrates the growth and establishment of green energy solutions across Europe, highlighting the importance and positive impact of renewable energy in the current market.
Virtual Power Purchase Agreement Pushes Boston Scientific Into Renewable Energy
Boston Scientific, Inc. has signed a virtual power purchase agreement (VPPA) for solar farms in Europe, taking a big step toward its goal of using 100% renewable energy by 2021.
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The VPPA will apply to a solar park in Munich, Germany, which should generate enough energy to cover the entire electricity consumption of Boston Scientific's European operations. This represents a significant step forward in the company's initiative to reduce its carbon footprint and promote environmental sustainability.
The VPPA allows Boston Scientific to purchase the energy generated by the solar farm at a fixed price for a period of 12 years. This not only ensures the supply of green energy, but also helps stabilize long-term energy costs by reducing the company's exposure to energy market fluctuations.
Furthermore, the company has been actively committed to supporting renewable energy, participating in initiatives to boost the renewable energy PPA market in Europe. Through these initiatives, Boston Scientific is contributing to the development of a more sustainable electrical grid, where renewable energy plays a key role.
With this move, Boston Scientific reaffirms its commitment to adopting sustainable energy sources and strengthens its position as a leader in corporate sustainability. By prioritizing renewable energy, the company will not only significantly reduce its carbon footprint, but also serve as an example for other companies looking to adopt more sustainable practices in their operations. Renewable energy is undoubtedly the way forward for companies that want to promote environmental sustainability and reduce their impact on the planet.
Source: © Re News.Biz
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