GoldenPeaks Capital has signed a ten-year power purchase agreement (PPA) with NGK Ceramics Polska in Poland, aiming to supply 125 gigawatt hours (GWh) of carbon-free renewable electricity annually.
This agreement will help reduce the carbon footprint of NGK Ceramics Polska.
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The power will be sourced from solar plants located in Poland, where NGK Ceramics Polska operates its facilities. Energy production under the PPA is scheduled to commence before March 2026.
NGK Ceramics Polska president Minoru Shibata stated that in the current challenging times, virtual power purchase agreements (VPPAs) allow better control over the company’s budget and significantly help to achieve the long-term goal of carbon neutrality.
He emphasised that all companies, regardless of their size, should make necessary efforts to improve the environment and contribute to a better life for every person, now and in the future.
The energy supplied under the PPA is equivalent to the annual power requirement of 60,000 homes in Poland and supports NGK Ceramics Polska’s long-term environmental targets.
The agreement is expected to save 938,000 tons of CO₂ during its life.
GoldenPeaks Capital founder and chairman Adriano Agosti stated: “We are proud to contribute to the green footprint of NGK Ceramics Polska as a strong international leader in its field. The PPA will empower the company to enhance its share of renewable energy across its operations, contributing to its long-term environmental ambitions.”
In October 2024, GoldenPeaks Capital and the China National Building Material Group unveiled plans to broaden their renewable energy partnership across Europe.
The partnership seeks to establish a yearly project pipeline of 1GW, with plans to enter new markets, including Germany, Italy and Greece.
This development builds upon a successful five-year partnership between the two companies.
