Thermo Fisher Scientific, a global science leader, has entered a 15-year virtual power purchasing agreement (VPPA) with ib vogt, an international solar developer. The agreement involves Thermo Fisher’s 91-megawatt share of the Serbal solar project, contributing 192,000 megawatt hours of renewable electricity annually.
Collaborative Efforts: Eurofins’ Contribution and Emission Reduction
Eurofins Scientific, a major player in bioanalytical testing, collaborates in the aggregated deal for a 36-megawatt portion of the project. The Serbal solar project aims to be operational by January 2025, with Thermo Fisher’s share significantly advancing its European sites toward 100% renewable electricity.
“The participation of Eurofins in the Serbal solar project represents an important milestone on our path to Carbon Neutrality by 2025,” said Dr. Gilles G. Martin, CEO of Eurofins Scientific. The collaboration with Thermo Fisher is a strategic step to reduce Scope 2 emissions, contributing to over one-third of Eurofins’ European footprint powered by 100% renewable electricity.
Global Climate Commitment: Thermo Fisher’s Ambitious Goals
In tandem with the virtual power purchasing agreement, Thermo Fisher pledges to achieve 80% renewable electricity globally by 2030. Aligned with the Sustainable Markets Initiative, this commitment follows the company’s goal to reduce Scope 1 and 2 emissions by 50% by 2030. Additionally, all U.S. Thermo Fisher sites are set to run on 100% renewable electricity by 2026, aiming for net-zero emissions by 2050.
“This new global climate goal not only strengthens our record of accelerated progress toward net-zero emissions but also underscores our collaborative approach on this journey,” stated Marc N. Casper, CEO of Thermo Fisher Scientific.
A Grateful Acknowledgment and Sustainable Impact
Ib vogt’s CEO, Anton Milner, appreciates Thermo Fisher and Eurofins for choosing renewable electricity as a tangible means to reduce global emissions. Sustainability Roundtable Inc. advised on the VPPA.
Source: businesswire.com
