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Arctic Paper takes first steps toward solar park construction

Solar park, symbolic image
Solar park, symbolic image
16 Dec 2021 − 

Arctic Paper Group is forging ahead with plans to become carbon-neutral and wants to build a solar power plant with a capacity of 17 MW.

For this purpose, Arctic Paper has concluded contracts with the Polish company Mazel SA to support the group in preparation of documentation and obtaining necessary permits to start building this power plant. Construction is scheduled to start in September 2022. The solar farm will be connected to the distribution network of Arctic Paper Kostrzyn S.A., which has a license to distribute electricity.

The investment is an important step in the implementation of Arctic Paper Group´s new 4P Strategy for 2030, under which, in addition to graphic paper and pulp, the Group will develop in the packaging and energy segments. The planned capex for the power generation activities by 2030 is PLN450m (€97m), the group writes. It is estimated that the new Energy division will generate approximately 7 per cent of the group’s sales revenues in 2030.

“The experiences from our pilot installation are positive, now we are ready to take the next step with a much larger installation. Simultaneously, we are working on wind farm projects. We plan to invest in renewable energy projects with a total installed capacity of approximately 100 MW by 2030,” says Michał Jarczyński, CEO of Arctic Paper.

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