Rottneros is investing in renewable energy
The Board of Directors of Rottneros has decided to invest a total of approximately
86 MSEK in renewable electricity at Rottneros Mill. The investments include a solar park and a battery storage and are part of a long-term strategy to reduce the groups exposure to the electricity market. The start-up is planned for 2024.
The solar park is expected to generate over 3 GWh annually, which can be compared to the company's annual purchased electricity demand of around 220 GWh. The purpose of the battery storage is primarily to contribute to an improved balance on the electricity market, which also generates revenue from Svenska Kraftnät and thus a favourable return on investment.
With a clear focus on sustainability, these energy investments are well suited to achieve favourable bank financing. Initial contacts with the banks have been made and the results will be announced.
"The investments are important because they represent the first steps in our long-term and targeted work to reduce the company's exposure to the volatile electricity market while contributing to increasing the share of renewable electricity in society," says Lennart Eberleh, CEO of Rottneros
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For further information, please contact:
Lennart Eberleh, CEO and President, Rottneros AB, +46 (0)270 622 65, lennart.eberleh@rottneros.com
Rottneros AB (publ)
Box 144, 826 23 Söderhamn
+46 (0)270 622 00
rottneros.com
info@rottneros.com
Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on Nasdaq Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes Rottneros Packaging AB, which manufactures fibre trays, the wood procurement company Rottneros Baltic SIA in Latvia and the forest operator Nykvist Skogs AB. The Group had a turnover of approximately 3.0 billion SEK in the 2022 financial year and has about 306 employees.
