Kimberly-Clark Launches Wind Farm With Octopus Renewables Infrastructure Trust To Supply 80% of Its UK Electrical Power Needs

LONDON, ENGLAND / ACCESSWIRE / September 27, 2023 / Kimberly-Clark, the owner of household brands Andrex, Kleenex, Huggies, WypAll and Scott, is celebrating a major milestone in its ambitious drive toward green energy with the official opening of a new onshore wind farm by Màiri McAllan, Member of the Scottish Parliament for the Clydesdale constituency and Cabinet Secretary for Transport, Net Zero and Just Transition, that will supply around 80% of its UK electrical power needs.

The £75 million wind farm, which was built in just 18 months in South Lanarkshire, Scotland, is the largest wind asset owned by Octopus Renewables Infrastructure Trust (ORIT), a company managed by Octopus Energy Generation. Kimberly-Clark has a Power Purchase Agreement for the energy generated.

As the global personal care giant's first wind farm project outside of North America, the 50 MW 12-turbine Cumberhead facility will supply the company with approximately 160,000 megawatt hours (MWh) of renewable energy every year. This will result in a total emissions reduction of 55,625 MTCO2e per year - the equivalent of taking 38,628 passenger vehicles off the road every year.

Dan Howell, Vice President and Managing Director at Kimberly-Clark UK & Ireland said: "Energy transformation is a key priority for us if we are going to deliver on our ambition to be using 100% renewable energy by 2030 in the UK and Ireland. When people ask what ‘fully decarbonising our operations' looks like in practice, showing them a brand new 12-turbine wind farm is a pretty powerful answer."

Craig Bowman, General Manager, Kimberly-Clark Professional UK & Ireland said, "It is through responsible and innovative business partnerships and investments in new technology like this agreement with ORIT that enables us to make significant changes in this decisive decade and reach our decarbonisation goals."

David Bird, Investment Director for Octopus Renewables Infrastructure Trust (ORIT) said: "Officially inaugurating this wind farm is an absolutely fantastic milestone. Onshore wind farms like these are generating much-needed clean green power for the UK. It's brilliant to be supplying this renewable power from this wind farm to Kimberly-Clark to help decarbonise their business. The more businesses that follow their lead, the quicker we can accelerate the push to net zero."

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 129,02$, was einem Rückgang von -3,21% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

HSBC Trinkaus & Burkhardt GmbH

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer