To help us reach our goal of sourcing 100% renewable electricity for our own operations, we have signed agreements with Alight that will enable the construction of three new solar parks in Sweden. Located in Blekinge, Södermanland and Halland, the parks will generate approximately 24GWh of clean electricity which is equivalent to the annual electricity consumption of over 4,800 homes (based on 5,000 kWh per household). By signing power purchase agreements (PPA) like these, we commit to purchasing electricity generated by solar parks or wind farms that have not yet been built. This makes the project viable and increases the amount of renewable energy available on the local grid. This deal builds on the PPA we signed last year with Alight and Neoen to build a 100MW solar park in Hultsfred. All four parks will be operational in 2025. Read the full newsroom article here https://lnkd.in/dYygpEj4 #HMGroup #RenewableEnergy #NetZero #SolarPark #PPA #Alight
Great initiative for renewable energy source and H&M pioneers with few other brands in a big way. Adorable effort by the brand and the team lead by #LeylaErtur #H&Mgroup. 🫡 Just as a thought, when the world changes to solar and electric cars, how do we think we will be disposing the amount of degraded batteries and panels that we generate- the discussion might change from global warming and ozone thinning to saving the soil from getting hazardous- which we already face due to plastics and related waste that gets generated… just being curious. Will love to hear on any developments towards this.
Daniel Granlycke This is as close to being colleagues we have ever been! ✨🤩👍
Awesome! ☀️
Fantastic news!
Communications & Sustainability | Accelerating the transition to solar @ Alight
9moSolar is so chic!