Putting more wind in our sails
One of the key aims of our Planet Possible approach to sustainability (doing more with less) is to reduce our reliance on fossil fuels. Not only will this have environmental benefits, but it will also reduce our dependency on fossil fuel markets and carbon pricing.
A renewable energy supply strategy is now in place, which includes participating in large-scale energy ventures and exploring on-site renewable energy generation.
One business that has been particularly active is Pulp and Performance Chemicals – which has the largest share of renewable energy in our existing portfolio. Around 60 percent of the business’ operations already run on renewable power, which could rise to 80 percent by 2020. However, as is the case throughout the company, this will need to be achieved in a cost-effective manner, supporting our other business goals.
One of many ongoing projects is based in the Nordics, where the company is part-owner of the VindIn consortium, which has been set up to produce renewable energy competitively. VindIn already has 35 wind turbines in operation, with more to come over the next few years. The target is to generate 1,000 GWh annually.
So far, VindIn has made substantial progress in Sweden, where two wind farms are in operation and seven more are under development. A further seven projects are also being worked on in Finland.