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Elbe BidCo GmbH
/ Key word(s): Contract/Agreement
ENCAVIS: Carlsberg subsidiary Sinebrychoff (Finland) and ENCAVIS sign long-term Power Purchase Agreement (PPA)
20.11.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Corporate News
Carlsberg subsidiary Sinebrychoff (Finland) and ENCAVIS sign long-term Power Purchase Agreement (PPA)
Hamburg, 20 November 2025 - Finnish Sinebrychoff, part of the Carlsberg Group, and Hamburg-based wind and solar park operator Encavis have signed a 10-year Power Purchase Agreement (PPA). Sinebrychoff, Finland’s leading brewery and a member of the Carlsberg Group, produces beer, cider, long drinks, soft drinks, energy drinks, and Coca-Cola beverages. The company uses 100% Renewable Energy for brewing and is fully CO₂-neutral.
Under the agreement, Sinebrychoff will source green electricity from Encavis’ Paltusmäki wind farm (21.5 MW), located about 100 kilometers southwest of Oulu. The PPA will commence on January 1, 2026. Encavis will supply Sinebrychoff with approximately 25 gigawatt-hours (GWh) of electricity per year on average – around 250 GWh over the 10-year term – representing about 40% of the Paltusmäki wind farm’s average annual production (62 GWh from its five turbines).
“It is truly important for us to support long-term energy projects and ensure Renewable Energy use in the beverage industry. This partnership supports the ‘Together Towards ZERO and Beyond’ targets of Sinebrychoff and the whole Carlsberg Group. These targets would be unachievable without partnerships,” says Hanna Palomäki, Sinebrychoff’s ESG Champion.
Mario Schirru, CEO of Encavis, welcomed the partnership: “This deal demonstrates how long-term PPAs drive real climate impact. We are proud to support Carlsberg Group’s Net-Zero ambition and to help advance its plan of achieving carbon-neutral breweries by 2030. By feeding clean wind energy to the grid, we not only strengthen regional energy security but also guarantee stable electricity costs for a decade. Encavis is THE partner for decarbonisation: leading the market, accelerating businesses’ green transition and delivering reliable, forward thinking renewable solutions.”
The PPA with Sinebrychoff further enriches Encavis’ long-term PPA portfolio. Existing PPA customers include global tech corporations such as Amazon, Google, and Microsoft, as well as European industrial players like Aliaxis and Schouw & Co. They all share the goal of securing green electricity from renewable sources at competitive prices over the long term.
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About ENCAVIS
Encavis is one of Europe’s leading producers of electricity from Renewable Energy. The company operates a broadly diversified portfolio of onshore wind farms, ground-mounted solar parks, and battery storage systems across 13 European countries — including Germany, Italy, Spain, Denmark, and the Netherlands. In addition, Encavis offers institutional investors attractive opportunities to participate in Renewable Energy assets. Its subsidiary, Stern Energy, complements the service portfolio as a Europe-wide specialist in technical services for photovoltaic systems.
With a total installed capacity of around 4 gigawatts, Encavis makes a significant contribution to sustainable energy supply and the achievement of Europe’s climate goals.
Further information can be found at www.encavis.com
Media Contact
Dr. Oliver Prüfer
Press Officer & Manager Public Relations
Phone: + 49 (0)40 37 85 62 133
Email: oliver.pruefer@encavis.com
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About Sinebrychoff
Founded in 1819, Sinebrychoff is part of the Carlsberg Group. Sinebrychoff brews beer and produces cider, long drink beverages, soft drinks, waters and energy drinks. Power brands Karhu, KOFF, 1664, Carlsberg, Battery Energy Drink, Monster Energy, Crowmoor and Somersby are in the company's portfolio, as well as Coca-Cola beverages such as Coca-Cola, Fanta, Bonaqua and Sprite. Diversity of its personnel, interaction with its customers and society and strong brands are important to Sinebrychoff along sustainability. Sinebrychoff brews its beverages with 100% Renewable Energy and is a carbon neutral brewery. The brewery supports responsible drinking with its selection of alcohol-free beers. Brewing for a better today and tomorrow.
Media Contact
Timo Mikkola
Communications Manager
Phone: +358 40 830 7176
Email: timo.mikkola@sff.fi
20.11.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement.
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