<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:pp="http://www.presspage.com/rss/"
     version="2.0"
     xmlns:atom="http://www.w3.org/2005/Atom">
                <channel>
                    <title><![CDATA[News and press releases - VELUX Media Centre | VELUX Group]]></title>
                    <link>https://press.velux.com/</link>
                    <description>Bringing light to life</description>
                    <language>en</language>
                    <lastBuildDate>Mon, 07 Sep 2026 23:54:01 +0200</lastBuildDate>
                    <pubDate>Mon, 10 Jun 2024 10:41:57 +0200</pubDate>
                    <image>
                        <title><![CDATA[News and press releases - VELUX Media Centre | VELUX Group]]></title>
                        <url>https://content.presspage.com/clients/150_1207.jpg</url>
                        <link>https://press.velux.com/</link>
                        <width>144</width>
                    </image><item>
                        <title>New solar park in Spain combining agriculture and biodiversity provides VELUX Group with renewable power</title>
                        <link>https://press.velux.com/new-solar-park-in-spain-combining-agriculture-and-biodiversity-provides-velux-group-with-renewable-power/</link>
                        <guid>https://press.velux.com/new-solar-park-in-spain-combining-agriculture-and-biodiversity-provides-velux-group-with-renewable-power/</guid><pp:caseid>634051</pp:caseid><pp:boilerplate><![CDATA[<p><span><strong>About BayWa r.e.</strong></span><br><span>At BayWa r.e., we r.e.think energy: how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet. We are a leading global developer, service supplier, distributor and solutions provider and have brought over 6 GW of energy online and manage over 10.5 GW of assets. We are also an Independent Power Producer with an expanding energy trading business.&nbsp;BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Through our climate contribution approach, we are strategically investing in internal and external initiatives that adhere to climate action best practices, align with the Paris Agreement, and are enabling us to make significant progress in our own sustainability journey. Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace. Our shareholders are BayWa AG, a €23.9 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.</span><br><br><span>For more information about BayWa r.e. visit </span><a href="https://www.baywa-re.com" target="_blank"><span>baywa-re.com</span></a><span>.</span><br><br><span><strong>About the VELUX Group</strong></span><br><span>VELUX roof windows have been bringing daylight and fresh air into people’s homes around the world for more than 80 years, creating better living environments. We offer a range of products including roof windows and modular skylights, decorative blinds, sun screening products, and roller shutters, as well as installation and smart home solutions. They help create bright, healthy, and energy-efficient places for people who live, work, learn, and play under the roof. We work globally – with sales and manufacturing operations in 37 countries and around 11,700 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company owned by the Villum Foundation and the Kann Rasmussen family. In 2023, the VELUX Group had a total revenue of EUR 2.91 billion while VKR Holding had a total revenue of EUR 3.97 billion. The same year, the Villum Foundation and the VELUX FOUNDATION donated a total of EUR 184.6 million in charitable grants.</span><br><br><span>For more information about the VELUX Group, visit </span><a href="https://www.velux.com/" target="_blank"><span>velux.com</span></a><span>.</span></p>]]></pp:boilerplate><description><![CDATA[<p><span><strong>A large solar park developed for the VELUX Group to meet its renewable power needs in Europe is now fully operational and connected to the local electricity grid in Spain. The 54 MWp-photovoltaic (PV) park integrates renewable electricity production, agriculture and biodiversity. It is the first Agri-PV solar park global renewable energy company BayWa r.e. built in Spain, based on a Power Purchase Agreement (PPA) with VELUX.</strong></span></p><p><span>In November 2022, the VELUX Group and BayWa r.e. announced a PPA to develop two large solar PV parks in southern Spain: one in Gerena, close to Seville, and the other in Alhendín, near Granada. The Alhendín park was recently completed and is now delivering electricity to the local power grid.</span><br><br><span>With Alhendín fully operational, VELUX has achieved its 100% renewable electricity goal, while enabling a new renewable energy plant in Europe. The park consists of more than 85,000 solar panels and produces 96.8 GWh of electricity annually, equivalent to the electricity consumption of 24,700 households.</span><br><br><span><strong>Pioneering Agri-PV installation</strong></span><br><span>The Alhendín solar park is a pioneering Agri-PV installation, combining renewable energy generation and agriculture: about 10% of the park is designed to allow farming machinery to pass between solar panels. This project is the first of its kind for BayWa r.e. in Spain.</span></p><p><span><strong>Solar Plant Symbiosis</strong></span><br><span>The Solar Plant Symbiosis includes a suite of measures to enhance biodiversity and foster community involvement. The project is currently being developed in partnership with the two Spanish universities Universidad de Córdoba and Universidad Autónoma de Madrid.</span><br><br><span>So far, the scope of the Solar Plant Symbiosis includes the following additional measures:</span><br><br><span>Baseline studies, digitalisation and monitoring of vegetation</span></p><ul><li><span>Agri-PV pilot and rainwater collection system</span></li><li><span>Grass planting with natural seeds and wildflower species</span></li><li><span>Wildlife refuges, ponds for amphibians, bird drinking tanks, nest boxes and posts</span></li><li><span>Hatching area to protect the endangered Lesser Kestrel bird species</span></li><li><span>Steppe habitat improvement</span></li><li><span>Monitoring and assessment of measures to create a guide of best practices that can be replicated in other projects</span></li><li><span>Social actions in the area, such as workshops with local interest groups and educational school visits</span></li></ul><p><br><span><strong>Looking ahead</strong></span><br><span>These measures in the Alhendín park will be established step by step and are expected to be fully realised by Spring 2025. The Gerena solar park is awaiting regulatory approval locally and is scheduled to be completed in 2025. The capacity of the Gerena park is expected to be about 60 MWp.</span><br><br><span>When both solar plants are fully operational, they will generate 167 GWh of renewable electricity annually for VELUX, equivalent to the electricity consumption of approximately 45,000 European homes. About 80% of the electricity produced from the plants will be generated due to the PPA with VELUX. The PPA will reduce the carbon footprint of the VELUX Group by approximately 40,000 tonnes of CO<sub>2</sub>e from the company’s European operations and activities on a yearly basis.&nbsp;&nbsp;</span></p>]]></description><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[Kim Jonas, Energy &amp; Climate Director of The VELUX Group. ]]></pp:quotename>
                    <pp:quotetext><![CDATA[The completion of the Alhendín solar park and the connection of it to the Spanish electricity grid is a great achievement, allowing VELUX to meet its renewable electricity targets. The agricultural and biodiversity components of the project resonate well with our dual focus on climate action and improving biodiversity. In partnership with BayWa r.e., we are now implementing the concept of Solar Plant Symbiosis, which seeks to integrate solar parks with nature and community for mutual benefits.]]></pp:quotetext>
                </pp:quote><pp:quote>
                    <pp:quotename><![CDATA[Daniel G&auml;fke, Global Director of Projects and Executive Member of the Board at BayWa r.e.]]></pp:quotename>
                    <pp:quotetext><![CDATA[We are delighted to support VELUX in reaching its goal of 100% renewable electricity for its European operations. This achievement represents an important milestone in BayWa r.e.’s own commitment to advancing the corporate energy transition that is so pivotal for meeting global climate targets. We are aligned with VELUX to go above and beyond normal standards, which allows us to implement pioneering elements like Agri-PV, as well as improving biodiversity and fostering community engagement, for maximum local value creation.]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[Sustainability,Partnership,Renewable Energy,Innovation]]></category>
            <pubDate>Tue, 28 May 2024 10:00:00 +0200</pubDate>
            <enclosure url="https://content.presspage.com/uploads/1207/5203ebab-c9e6-4adb-bd74-158aeea8ff48/500_alhendiacutenagri-pvsolarpark.jpg?10000" length="0" type="image/jpg" />
                <pp:image>https://content.presspage.com/uploads/1207/5203ebab-c9e6-4adb-bd74-158aeea8ff48/500_alhendiacutenagri-pvsolarpark.jpg?10000</pp:image>
                <pp:imageOriginal>https://content.presspage.com/uploads/1207/5203ebab-c9e6-4adb-bd74-158aeea8ff48/alhendiacutenagri-pvsolarpark.jpg?10000</pp:imageOriginal><pp:imageTitle><![CDATA[Alhend&amp;iacute;n Agri-PV solar park]]></pp:imageTitle></item><item>
                        <title>VELUX Group makes progress towards 100% renewable electricity, zero-plastic packaging and historical emission capture</title>
                        <link>https://press.velux.com/velux-group-2021-sustainability-report/</link>
                        <guid>https://press.velux.com/velux-group-2021-sustainability-report/</guid><pp:caseid>501263</pp:caseid><pp:subtitle>VELUX Group’s 2021 Sustainability Report outlines the progress made at the end of the first year of working to achieve our 2030 sustainability strategy.</pp:subtitle><pp:boilerplate><![CDATA[<p><span><strong>About the VELUX Group</strong></span></p><p><span>For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 36 countries and around 11,000 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.</span></p><p><span>For more information about VELUX Group, visit </span><a href="https://www.velux.com/"><span>velux.com</span></a><span>.</span></p>]]></pp:boilerplate><description><![CDATA[<p>VELUX Group’s 2021 Sustainability Report outlines the progress made at the end of the first year of working to achieve our 2030 sustainability strategy.&nbsp;</p>]]></description><content:encoded><![CDATA[<p>The report provides updates on all targets, including progress towards becoming carbon neutral in our own operations, halving CO<sub>2</sub>e emissions from our value chain and capturing the equivalent of the total carbon footprint of our company’s operations between 1941 and 2041 (historical scope 1 and 2 CO<sub>2</sub>e emissions).&nbsp;</p><p><strong>First carbon capture forest project underway&nbsp;</strong><br>One of the major highlights of 2021 was the start-up of the first carbon capture forest project in Uganda with the World Wide Fund for Nature (WWF). This is part of our commitment to capture the Group’s historical carbon emissions from our operations (scope one and two). The Uganda project aims to capture around one million tonnes of CO<sub>2</sub> by restoring and conserving forests in the Albertine Rift in Uganda, a biodiversity hotspot. This is the first of five forest projects that combined will capture the VELUX Group’s historical CO<sub>2</sub>. All projects are developed and run by WWF.&nbsp;<br><br><strong>100% renewable electricity supply by 2023&nbsp;</strong><br>As part of our aim to become carbon neutral, we are working on a global decarbonisation programme with carbon neutral action plans for each of our factory sites. In 2021, we partnered with Schneider Electric to speed up the switch to 100% renewable energy for electricity by 2023 through a renewable Power Purchase Agreement (PPA) contract. This is contributing to our 2030 target of a 100% reduction in the carbon footprint of our own operations.&nbsp;<br><br><strong>Green our packaging&nbsp;</strong><br>During 2021, we worked on transitioning to single material, 100% recyclable packaging with zero plastic. To do this, we developed a new packaging material made solely of paper and cardboard to replace the previous material that was a mix of plastic, paper and cardboard. This new material provides the required protection for products and makes it easier for customers to dispose of the packaging in one waste category. It is already being used for main residential windows in Europe and selected products in the US.&nbsp;<br><br>We achieved limited assurance for our 2021 sustainability reporting and are working towards achieving the auditing level of reasonable assurance in the next few years.&nbsp;<br><br>See our Sustainability Report 2021 <a href="https://sustainability-report.velux.com/highlights-2021/frontpage/" target="_blank">highlights</a>.<br><br>Read the full <a href="https://velcdn.azureedge.net/-/media/com/what-we-do/sustainability/sustainability-reporting/reports/velux-sustainability-report-2021.pdf" target="_blank">Sustainability Report 2021</a>.&nbsp;</p>]]></content:encoded><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[ says David Briggs, CEO of VELUX Group]]></pp:quotename>
                    <pp:quotetext><![CDATA[After a year of intense work, we now realise the sheer scale of the task ahead of us. With the UN having called the 2020s the Decade of Action, we no longer have time for just talking and planning. We need to see real leadership and a spirit of collaboration to accelerate progress. At VELUX, we have started to take action and can already see the first results but there is still much to do,]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[Featured,topbanner,Sustainability,Renewable Energy,Zero Plastic,Climate]]></category>
            <pubDate>Wed, 06 Apr 2022 09:30:00 +0200</pubDate>
            <enclosure url="https://content.presspage.com/uploads/1207/500_sustainability-report-2021-banner.png?10000" length="0" type="image/png" />
                <pp:image>https://content.presspage.com/uploads/1207/500_sustainability-report-2021-banner.png?10000</pp:image>
                <pp:imageOriginal>https://content.presspage.com/uploads/1207/sustainability-report-2021-banner.png?10000</pp:imageOriginal><pp:imageTitle><![CDATA[Sustainability report 2021]]></pp:imageTitle><pp:imageDescription><![CDATA[Sustainability report 2021]]></pp:imageDescription></item><item>
                        <title>The VELUX Group and Schneider Electric Announce Extended Partnership to Accelerate Lifetime Carbon Neutral Commitment</title>
                        <link>https://press.velux.com/the-velux-group-and-schneider-electric-announce-extended-partnership/</link>
                        <guid>https://press.velux.com/the-velux-group-and-schneider-electric-announce-extended-partnership/</guid><pp:caseid>474581</pp:caseid><pp:summary><![CDATA[<p>The VELUX Group has selected Schneider Electric to build an accelerated decarbonisation strategy to enable fast delivery on its Lifetime Carbon Neutral commitment. The extended partnership builds on previously announced renewable energy advisory services.</p>
]]></pp:summary><pp:boilerplate><![CDATA[<p><span><strong>About the VELUX Group</strong></span></p><p><span>For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 36 countries and around 11,000 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.</span></p><p><span>For more information about VELUX Group, visit </span><a href="https://www.velux.com/"><span>velux.com</span></a><span>.</span></p>]]></pp:boilerplate><description><![CDATA[<p>The VELUX Group has selected Schneider Electric to build an accelerated decarbonisation strategy to enable fast delivery on its Lifetime Carbon Neutral commitment. The extended partnership builds on previously announced renewable energy advisory services.</p>
]]></description><content:encoded><![CDATA[<p><span><span>The VELUX Group, the world leader in roof windows and skylights, and</span></span> <span><span>Schneider Electric, the global leader in the digital transformation of energy management and automation</span></span><span class="MsoHyperlink"><span><u><span>,</span></u></span></span> <span><span>today&nbsp;announced that the companies have executed a new extended partnership agreement to enable the VELUX Group to reach its Company Carbon Neutral goal by 2030 and accelerate its overall commitment to become</span></span> <span><span><a href="https://www.velux.com/what-we-do/sustainability/lifetime-carbon-neutral?consent=preferences,statistics,marketing&ref-original=https%3A%2F%2Fpress.velux.com%2F" style="text-decoration:underline" target="_blank">Lifetime Carbon Neutral</a></span></span> <span><span>in response to an increasing need to proactively address climate change.</span></span></p><p><span><span><span>Building on the <a href="https://press.velux.com/the-velux-group-and-schneider-electric-partner-to-pursue-renewable-energy/" style="text-decoration:underline" target="_blank">announcement</a> earlier this year that Schneider Electric will help VELUX source the equivalent of 100% renewable electricity by 2023 to achieve its <a href="https://press.velux.com/the-velux-group-joins-the-worlds-leading-corporate-renewable-electricity-initiative-re100/" style="text-decoration:underline" target="_blank">RE100 target</a>, under the new agreement, Schneider Electric will develop a global programme with zero-carbon action plans for each of the VELUX Group&rsquo;s factory sites to successfully reduce their energy use and scale renewable capacity.</span></span></span></p><p><span><span><span>The broadened focus of the partnership will further the VELUX Group&rsquo;s ambition to be 100% carbon neutral (scope 1 and 2) by 2030 &ndash; decades ahead of other corporate targets &ndash; and Lifetime Carbon Neutral by the Group&rsquo;s 100-year anniversary in 2041. This pioneering commitment means the Group has committed to capture its historical carbon footprint, reduce its future carbon emissions in line with and beyond the prevailing climate science behind the Paris Agreement&rsquo;s 1.5&deg;C scenario, and partner with World Wide Fund for Nature (WWF) on forest conservation projects around the world. The VELUX Group is also working to halve carbon emissions across its value chain (scope 3) by 2030.</span></span></span></p><p><span><span><span>The three-year partnership includes all VELUX factory sites. Schneider Electric &ndash; recognised last February as the&nbsp;<a href="https://www.se.com/ww/en/about-us/newsroom/news/press-releases/world%E2%80%99s-most-sustainable-corporation-2021-60097a67785e6528940953a4" style="text-decoration:underline" target="_blank">world&rsquo;s most sustainable corporation in 2021</a>&nbsp;by the&nbsp;<a href="https://www.corporateknights.com/reports/2021-global-100/2021-global-100-ranking-16115328/" style="text-decoration:underline" target="_blank">Corporate Knights Global 100 Index</a> <span class="MsoHyperlink"><span><u>&ndash;</u></span></span> will develop a global decarbonisation programme, including the following:</span></span></span></p><ul><li><span><span><span>Energy assessment of all VELUX Group factory sites resulting in the development and implementation of zero-carbon&nbsp;action plans;</span></span></span></li><li><span><span><span>Support of VELUX Group&rsquo;s Energy Excellence programme in accordance with ISO50001, improving energy efficiency activities and expanding onsite renewable heating and electricity capacity to phase out fossil fuels; and</span></span></span></li><li><span><span><span>Implementation of a global monitoring system through Schneider Electric&rsquo;s EcoStruxure&trade; Resource Advisor to measure and analyse energy usage.</span></span></span></li></ul><p><span><span><span>VELUX will pilot the zero-</span></span></span><span><span><span>carbon action plans at two of the company&rsquo;s top energy-consuming plants, which represent approximately 25% of all energy used in VELUX production: JTJ Sonneborn Industrie GmbH in Germany and NM Polska Sp. z o.o. in Poland. Significant investments will be made at these sites to convert to renewable heating sources by installing heat pumps powered by green electricity and using wood waste from certified (FSC/PEFC) forests produced on site. VELUX will also invest in on-site solar photovoltaic energy installations and continue to improve the sites&rsquo; energy efficiency by optimising supply systems, production processes, and energy management.</span></span></span></p>]]></content:encoded><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[said J&ouml;rn Neubert, Senior Vice President of Supply, the VELUX Group]]></pp:quotename>
                    <pp:quotetext><![CDATA[We, collectively &ndash; corporations, government, and society &ndash; must do more to address the climate crisis and reduce our carbon emissions, and we must move faster.&nbsp;The VELUX Group is removing operational barriers &ndash; and we&rsquo;ve established a significant, dedicated climate budget &ndash; to increase and prioritize our climate strategy and ambitions. We selected Schneider Electric as our partner in this journey because of our shared values and Schneider&rsquo;s ability to help us develop and realise an accelerated global programme. Our partnership will ensure that we move as quickly as possible,]]></pp:quotetext>
                </pp:quote><pp:quote>
                    <pp:quotename><![CDATA[said Christel Heydemann, EVP Europe Operations, Schneider Electric]]></pp:quotename>
                    <pp:quotetext><![CDATA[It is our honour to be selected by the VELUX Group as their carbon neutrality partner. Accelerated climate action is essential for us to avoid the worst impacts of global warming. We know it&rsquo;s possible &ndash; today &ndash; to reach a 1.5&deg;C warming scenario through proven decarbonisation solutions like resource efficiency, onsite and offsite renewable energy procurement, and quality carbon credits and offsets. We commend the VELUX Group for recognizing the urgency of climate change, accelerating their climate ambitions, and setting the gears in motion to reach net-zero well before 2050,]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[Energy efficiency,Sustainable buildings,VELUX,Renewable Energy,Partnership,Featured,topbanner]]></category>
            <pubDate>Tue, 21 Sep 2021 07:10:00 +0200</pubDate>
            <enclosure url="https://content.presspage.com/uploads/1207/500_renewables-wind6-image.jpg?10000" length="0" type="image/jpg" />
                <pp:image>https://content.presspage.com/uploads/1207/500_renewables-wind6-image.jpg?10000</pp:image>
                <pp:imageOriginal>https://content.presspage.com/uploads/1207/renewables-wind6-image.jpg?10000</pp:imageOriginal><pp:imageTitle><![CDATA[Schneider Electric Partnership]]></pp:imageTitle></item><item>
                        <title>The VELUX Group and Schneider Electric partner to pursue renewable energy</title>
                        <link>https://press.velux.com/the-velux-group-and-schneider-electric-partner-to-pursue-renewable-energy/</link>
                        <guid>https://press.velux.com/the-velux-group-and-schneider-electric-partner-to-pursue-renewable-energy/</guid><pp:caseid>433648</pp:caseid><pp:subtitle>The VELUX Group and Schneider Electric announce partnership to pursue renewable Power Purchase Agreements (PPAs).</pp:subtitle><pp:boilerplate><![CDATA[<p><span><strong>About the VELUX Group</strong></span></p><p><span>For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 36 countries and around 11,000 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.</span></p><p><span>For more information about VELUX Group, visit </span><a href="https://www.velux.com/"><span>velux.com</span></a><span>.</span></p>]]></pp:boilerplate><description><![CDATA[<p><span><span><span>The VELUX Group and Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced they will pursue renewable Power Purchase Agreements (PPAs), in a partnership. This will further the world&rsquo;s leading roof window manufacturer&rsquo;s efforts to deliver on its 100% renewables electricity (RE100) target by 2023, which is part of its company carbon neutral goal for 2030.</span></span></span></p>
]]></description><content:encoded><![CDATA[<p><span><span><span>The VELUX Group and Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced they will pursue renewable Power Purchase Agreements (PPAs), in a partnership. This will further the world&rsquo;s leading roof window manufacturer&rsquo;s efforts to deliver on its 100% renewable&nbsp;electricity (RE100) target by 2023, which is part of its company carbon neutral goal for 2030.</span></span></span></p><p><span><span><span>The prospective PPAs aim to enable the development of new renewable energy projects across Europe, with Schneider Electric supporting the VELUX Group in the procurement process as a full-service buyer&rsquo;s advisor. The VELUX Group&rsquo;s primary motivation is to achieve its <a href="https://press.velux.com/the-velux-group-joins-the-worlds-leading-corporate-renewable-electricity-initiative-re100/" target="_blank">RE100 target</a> and bring new renewable energy onto the grid.</span></span></span></p><p><span><span><span>This effort is one part of the VELUX Group&rsquo;s commitment to become a 100 percent carbon neutral company (scope 1 and 2). Furthermore, it is working to halve carbon emissions across its value chain (scope 3) by 2030. At the same time, the Group will capture its&nbsp;historical carbon footprint &ndash; dating back to its founding in 1941 &ndash; through forest conservation projects, identified and managed by Worldwide Fund for Nature (WWF). Together, these initiatives are expected to support the VELUX Group&rsquo;s overall commitment to be <a href="https://www.velux.com/what-we-do/sustainability/lifetime-carbon-neutral" target="_blank">Lifetime Carbon Neutral by 2041</a>.</span></span></span></p><p><span><span><span>The prospective PPAs aim to represent a mix of clean technologies, with VELUX looking to secure a long-term commitment to purchase power at a fixed price. A PPA provides renewable energy developers the business case needed to establish new, clean power generation. For VELUX, a PPA will ensure stability and predictability in electricity prices and enable the company to address its scope 2 greenhouse gas emissions.</span></span></span></p><p><span><span><span>The VELUX Group is seeking to pursue new non-subsidised renewable energy projects in EU countries, ensuring clean energy is added to the grid and thereby replacing &ldquo;brown&rdquo; power produced from fossil fuels in the most additional way.</span></span></span></p><p><span><span><span>Renewable electricity purchasing is one part of the VELUX Group&rsquo;s commitment to eliminate the company&rsquo;s reliance on energy produced by fossil fuels. The initial focus is on improving energy efficiency across all sites, as well as establishing onsite renewable heating and onsite renewable electricity capabilities by using solar cells. Combined, this will help the VELUX Group reach its ambitious target of zero carbon on all sites by 2030.</span></span></span></p>]]></content:encoded><pp:quotes><pp:quote>
                    <pp:quotename><![CDATA[said J&ouml;rn Neubert, Senior Vice President of Supply, the VELUX Group]]></pp:quotename>
                    <pp:quotetext><![CDATA[The planet is facing dual climate and nature crises and we are committed to doing our part to achieve a more sustainable future.&nbsp;We&rsquo;re proud to be among the first companies in the world &ndash; and the first company in the construction industry - to take responsibility for both past and future carbon emissions with our Lifetime Carbon Neutral commitment, and this partnership with Schneider Electric is an important part of this,]]></pp:quotetext>
                </pp:quote><pp:quote>
                    <pp:quotename><![CDATA[said Philippe Diez, VP EMEA Energy &amp; Sustainability Services Schneider Electric. ]]></pp:quotename>
                    <pp:quotetext><![CDATA[It is an honour to partner with the VELUX Group on its journey to accelerate decarbonisation with renewable energy.&nbsp;The VELUX Group is an ambitious pioneer of corporate climate and nature action. To take responsibility for not only past impact, but also future emissions, is both innovative and inspiring. We are thrilled to accelerate its climate goals and support its ultimate commitment to become Lifetime Carbon Neutral by 2041,]]></pp:quotetext>
                </pp:quote></pp:quotes><category><![CDATA[Featured,Partnership,Renewable Energy,topbanner]]></category>
            <pubDate>Wed, 27 Jan 2021 09:00:00 +0100</pubDate>
            <enclosure url="https://content.presspage.com/uploads/1207/500_pr-banner-v4.png?10000" length="0" type="image/png" />
                <pp:image>https://content.presspage.com/uploads/1207/500_pr-banner-v4.png?10000</pp:image>
                <pp:imageOriginal>https://content.presspage.com/uploads/1207/pr-banner-v4.png?10000</pp:imageOriginal><pp:imageTitle><![CDATA[VELUX Schneider partnership]]></pp:imageTitle><pp:imageDescription><![CDATA[banner]]></pp:imageDescription></item></channel>
                    </rss>