GoldenPeaks Capital Signs PPA with NGK Ceramics Polska
GoldenPeaks Capital, a leading company specializing in the construction and operation of solar energy systems and investing in renewable energy sources across Europe, has entered into a landmark 10-year Power Purchase Agreement (PPA) with NGK Ceramics Polska. This agreement represents a major step towards reducing the carbon footprint of industrial operations in Poland by ensuring a long-term supply of clean, renewable electricity to NGK Ceramics Polska’s facilities.
Key Details of the PPA
Under the agreement, GoldenPeaks Capital will virtually supply approximately 125 GWh of carbon-free renewable electricity per year to NGK Ceramics Polska. This energy will be generated from solar power plants located in Poland, aligning with NGK Ceramics Polska’s operations in the same market. The scale of this agreement is significant, as it equates to powering approximately 60,000 homes annually in Poland, demonstrating the magnitude of clean energy adoption within industrial operations.
This Virtual Power Purchase Agreement (VPPA) is structured to enable NGK Ceramics Polska to benefit from clean energy without physically connecting to a specific solar farm. Instead, the company will receive the environmental attributes associated with the renewable energy production, helping it meet corporate sustainability targets while supporting the growth of Poland’s renewable energy sector. The agreement ensures stability in energy pricing over the next decade, shielding NGK Ceramics Polska from market fluctuations in electricity costs.
NGK Ceramics Polska’s Commitment to Sustainability
NGK Ceramics Polska has been operating in Poland since 2003 and is a key player in the automotive sector, specializing in the manufacturing of advanced ceramic components used in emission control systems. As a global leader in ceramic technology, NGK Ceramics Polska produces diesel particulate filters (DPFs) that effectively capture soot particles and other pollutants from combustion engines. Additionally, the company manufactures filters for gasoline vehicles, helping reduce the environmental impact of transportation worldwide.
The commitment to sustainability is embedded in NGK Ceramics Polska’s core business strategy. The company continuously invests in research and development to improve emission control technologies, supporting cleaner air and environmental well-being. By entering into this long-term PPA, NGK Ceramics Polska strengthens its commitment to reducing greenhouse gas emissions, ensuring that its manufacturing operations align with global sustainability goals.
Environmental protection remains a fundamental priority for NGK Ceramics Polska. The company’s vision includes a long-term approach to sustainability by implementing cutting-edge technologies and adopting environmentally friendly practices in all aspects of its operations. This PPA serves as a significant milestone in achieving these ambitious objectives.
The Environmental Impact of the Agreement
The energy supplied under the PPA is expected to result in a substantial reduction in CO2 emissions. Over the 10-year duration of the agreement, it is projected that the PPA will prevent approximately 938,000 metric tons of CO2 emissions. This impact is equivalent to removing thousands of gasoline-powered cars from the road or significantly reducing the reliance on fossil fuels in industrial energy consumption.
By leveraging renewable energy sources, NGK Ceramics Polska sets a strong example for other manufacturers, demonstrating that industrial operations can transition towards more sustainable energy models without compromising efficiency or productivity. The agreement is aligned with the European Union’s ambitious carbon neutrality goals and Poland’s ongoing transition towards a greener energy landscape.
Industry Leaders on the Importance of the PPA
Minoru Shibata, President of NGK Ceramics Polska, emphasized the importance of this agreement, particularly in the current economic and energy landscape.
“In these challenging times, Virtual Power Purchase Agreements (VPPAs) provide a strategic measure for companies to exercise better control over their energy budgets while making significant strides toward carbon neutrality. All companies, regardless of their size or industry, must take proactive steps to enhance environmental sustainability and contribute to a better future for all,” stated Shibata.
Shibata highlighted that transitioning to renewable energy is not just a corporate responsibility but also an essential step in mitigating climate change. He called on businesses worldwide to adopt similar measures, reinforcing that sustainability efforts should not be exclusive to large corporations but should be embraced by industries of all scales.
Adriano Agosti, Founder and Chairman of GoldenPeaks Capital, also shared his perspective on the partnership:
“We are proud to contribute to the green footprint of NGK Ceramics Polska, a global leader in its field. This PPA is a testament to the growing role of renewable energy in the industrial sector. By securing a reliable and sustainable power source, NGK Ceramics Polska can further enhance its environmental credentials while maintaining operational efficiency. We look forward to continuing our mission of accelerating the clean energy transition across Europe.”
Agosti also pointed out that such agreements play a vital role in the development of renewable energy infrastructure in Poland, ensuring a stronger, more resilient energy grid and reducing reliance on fossil fuel-based power generation.
The Growing Role of Renewable Energy in Poland’s Industrial Sector
Poland has historically relied heavily on coal-based energy production, but recent years have seen a notable shift towards renewables. The government has implemented various incentives and policies to encourage clean energy adoption, and corporations are increasingly seeking long-term PPAs to meet sustainability goals while securing stable electricity prices.
The agreement between GoldenPeaks Capital and NGK Ceramics Polska highlights the growing demand for renewable energy solutions in Poland’s industrial sector. With the country’s commitment to reducing emissions in line with EU targets, more companies are expected to follow this example, accelerating the transition to a low-carbon economy.
Solar power, in particular, has gained momentum in Poland due to its scalability, cost-effectiveness, and minimal environmental impact. As advancements in solar technology continue, agreements like this will become more common, ensuring that industries can operate sustainably without compromising their energy needs.
Future Outlook and Potential Expansion
The success of this PPA could pave the way for future collaborations between GoldenPeaks Capital and NGK Ceramics Polska, as well as inspire similar agreements across the industrial sector. As renewable energy capacity continues to grow in Poland, companies have increasing opportunities to integrate sustainable solutions into their operations.
GoldenPeaks Capital is actively exploring further expansion within the European renewable energy market, aiming to support more businesses in achieving their decarbonization targets. By continuing to invest in large-scale solar infrastructure, the company is positioning itself as a key enabler of the clean energy transition.
NGK Ceramics Polska, on the other hand, is expected to monitor the performance of this agreement closely and assess additional opportunities for integrating renewable energy into its broader corporate sustainability strategy. This could include further commitments to renewable energy procurement, energy efficiency measures, or investments in on-site solar generation to complement the virtual supply from GoldenPeaks Capital’s solar plants.
