Lenzing AG Advances in Renewable Energy Expansion

Lenzing AG has made significant progress in its energy transition strategy. The group, known for its cellulose fibers, is enhancing its photovoltaic capacities at the Lenzing site. In collaboration with VERBUND, a 1.3 MW photovoltaic plant has been added, increasing the total capacity to 8.3 MW. This investment supports a diversified energy supply essential for the company's sustainability goals.

Lenzing is committed to renewable energy, operating various projects such as hydropower plants with a 2.3 MW output. Furthermore, agreements with suppliers like WLK energy and Enery have bolstered their access to wind and solar energy.

By pursuing a mix of biomass, photovoltaics, wind, and hydropower, Lenzing aims for energy autonomy. The company's updated climate targets are aligned with the Paris Agreement, striving towards a net-zero goal with targets confirmed by the Science Based Targets Initiative.