(News Bulletin 247) – AXA has announced the signing of a ten-year Virtual Power Purchase Agreement (VPPA) with IGNIS, a Spanish group specializing in renewable energies.
The contract signed by AXA concerns a solar power plant in Spain, in the Andalusia region, whose construction will begin soon, with the objective of being operational in May 2025.
As part of this agreement, AXA undertakes to buy 90% of the renewable electricity produced by this future power plant, ie 84 GWh per year.
“The environmental impact of this contract will be significant, since 75% of the electricity consumed by the Group’s buildings and data centers is located in Europe. By signing a VPPA of this scale, AXA confirms its climate ambitions by decarbonizing, among other things, its activities in these areas,” said Alexander Vollert, Group Chief Operating Officer and Chief Executive Officer of AXA Group Operations.
‘Thanks to this new initiative, AXA will exceed its objective of reducing CO2 emissions from its activities by 20% by 2025,’ said Ulrike Decoene, Director of Communication, Brand and Sustainable Development at AXA.
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