INEOS Inovyn and its partners, PerPetum Energy and Green4Power, are installing 90,000 photovoltaic (PV) panels for a solar farm, which will supply power exclusively to the Jemeppe production site in Belgium by July 2024.
The Jemeppe project will provide 60 MW of renewable electricity and reduce emissions by 14,000 tons of CO2 annually as part of INEOS’s strategic decarbonization roadmap to reduce CO2 emission across sites by more than 30% by 2030 and reach Net Zero by 2050.
“Jemeppe is one of the largest PVC production facilities in Europe, and our new solar farm is another step in supporting Europe’s green transition,” said Geir Tuft, CEO of INEOS Inovyn. “For the PVC industry to grow, it is critical we have support and access to competitive renewable energy.”
PerPetum Energy will be responsible for building, commissioning, and maintaining the project on behalf of Green4Power, which finances and owns the solar farm.
INEOS Inovyn will acquire all green electricity produced from Jemeppe-sur-Sambre over the next 15 years under a power purchase agreement.
“This project is totally in line with PerPetum Energy's mission: to help industrial companies and large consumers to reduce the carbon footprint of their consumption as much as possible by offering them an optimized mix of multi-technology solutions such as photovoltaics, wind power, and energy storage,” said Luc Leenknegt, CEO and founder of PerPetum Energy.
