Flogas Enterprise and Slane Irish Whiskey Sign a New Corporate Power Purchase Agreement
Slane Irish Whiskey and energy supplier Flogas Enterprise (the division of Flogas that works with industrial and commercial customers and renewable energy producers) have signed a new Corporate Power Purchase Agreement (CPPA).
The County Meath based distillery located on the historic grounds of Slane Castle, which is part of Brown Forman, have signed a CPPA which allows the company to purchase renewable electricity directly from the Cronalaght windfarm in Co. Donegal. This purchase will meet 60% of Slane Irish Whiskey’s energy demand through wind energy.
This initiative directly supports the distillery’s target of procuring 100% of its electricity from renewable sources by 2030. It is one of many sustainability initiatives the distillery has implemented; Solar Energy generated on site, a rainwater catchment system, heat recovery systems built into the production process, and a forestry restoration project, among other initiatives.
A Corporate Power Purchase Agreement, or CPPA, is a contract whereby a company procures renewable electricity through a direct agreement with a renewable electricity developer.
Slane Irish Whiskey and its distillery have sustainability goals as a high priority on their agenda and is already a certified member of Ireland’s Origin Green programme.
John O’Reilly, Financial Analyst at Slane Irish Whiskey, said: “Slane Irish Whiskey believes that protecting our land is the only way we can protect our business. This new Corporate Power Purchase Agreement with Flogas Enterprise will support our commitment to using energy that is sustainable and renewable, and this is another step in meeting our sustainability goals”.
Karl Phelan, Account Manager at Flogas Enterprise, said: “We are delighted to support another business to achieving their sustainable energy goals. Through the CPPA structure, we can easily connect our corporate energy customers to renewable energy generators. We are very excited to work with Slane Irish Whiskey and help them on their journey to become as carbon neutral as possible.”
The contract between Slane Irish Whiskey and Flogas Enterprise was signed as part of the new multi-buyer CPPA model. This model identifies buyers and sellers and brings all parties together to develop a CPPA structure that works for all. The customers are brought together by Flogas Enterprise, which allows them to partner with a wind farm which they otherwise could not have partnered with, due to scale.
Flogas Enterprise is a leading supplier in the market bringing CPPA options to customers and can offer expert advice and help to businesses who want to make the switch. To speak with one of their expert advisors, call 01 884 9400 or email ppa@flogasenterprise.ie.
For more information on Flogas Enterprise or Corporate Power Purchase Agreements, click here
For more information on Slane Irish Whiskey’s sustainability actions, click here