Potential offtaker

Grupo Catalana Occidente, S.A.

www.catalanaocci.es

Estimated electricity consumption

N/A

Countries of production presence

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Grupo Catalana Occidente SA is a leading insurance company based in Spain, with a strong presence in the P&C Insurance Premiums sector. The company has a long history of providing high-quality insurance products and services to its customers, and has established itself as a trusted and reliable partner in the industry. In recent years, Grupo Catalana Occidente SA has also been actively involved in the decarbonisation of its operations, and has taken significant steps towards reducing its carbon footprint and promoting renewable energy.

One of the key areas of focus for Grupo Catalana Occidente SA in its efforts towards decarbonisation is corporate energy. The company has implemented a number of initiatives to reduce its energy consumption and increase its use of renewable energy sources. For example, it has invested in energy-efficient lighting and heating systems, and has installed solar panels on the roofs of its buildings to generate clean energy. These measures have not only helped to reduce the company's carbon emissions, but have also resulted in significant cost savings.

Another important aspect of Grupo Catalana Occidente SA's decarbonisation strategy is its use of corporate power purchase agreements (PPAs). PPAs are contracts between a company and a renewable energy supplier, which allow the company to purchase renewable energy at a fixed price over a set period of time. By entering into these agreements, Grupo Catalana Occidente SA is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy industry.

In addition to its efforts in corporate energy and PPAs, Grupo Catalana Occidente SA is also actively involved in promoting renewable energy more broadly. The company has invested in a number of renewable energy projects, including wind farms and solar power plants, and has also provided financing for other renewable energy initiatives. By supporting the development of renewable energy, Grupo Catalana Occidente SA is helping to drive the transition towards a more sustainable and low-carbon economy.

Overall, Grupo Catalana Occidente SA is a company that is committed to sustainability and decarbonisation. Through its focus on corporate energy, PPAs, and renewable energy, the company is taking concrete steps towards reducing its carbon footprint and promoting a more sustainable future. As the world continues to grapple with the challenges of climate change, companies like Grupo Catalana Occidente SA are leading the way in demonstrating that it is possible to achieve both environmental and economic sustainability.

✓ Declared Net Zero commitment