Potential offtaker

Entra ASA

www.entra.no

Estimated electricity consumption

N/A

Countries of production presence

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ENTRA ASA is a leading real estate company in Norway, which operates in the Real Estate Services sector. The company has a strong focus on sustainability and has been at the forefront of decarbonisation efforts in the Norwegian real estate industry. ENTRA ASA is committed to reducing its carbon footprint and has set ambitious targets to achieve net-zero carbon emissions by 2030. The company has also adopted a corporate energy strategy that aims to increase the use of renewable energy sources and reduce energy consumption.

One of the key initiatives undertaken by ENTRA ASA to achieve its sustainability goals is the adoption of Corporate Power Purchase Agreements (PPAs). A Corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the purchase of a fixed amount of renewable energy at a fixed price. By entering into a Corporate PPA, ENTRA ASA is able to secure a stable supply of renewable energy at a competitive price, while also reducing its carbon footprint.

ENTRA ASA has already signed several Corporate PPAs with renewable energy providers in Norway. In 2020, the company signed a 15-year agreement with the Norwegian energy company, Statkraft, to purchase renewable energy from two wind farms in central Norway. The agreement will provide ENTRA ASA with 100 GWh of renewable energy per year, which is equivalent to the electricity consumption of around 5,000 households. The Corporate PPA with Statkraft will enable ENTRA ASA to reduce its carbon emissions by around 50,000 tonnes per year, which is equivalent to the emissions from 10,000 cars.

ENTRA ASA has also invested in its own renewable energy projects, which will further reduce its carbon footprint. In 2018, the company installed a 2 MW solar power plant on the roof of its headquarters in Oslo. The solar power plant is one of the largest in Norway and generates around 1.8 GWh of renewable energy per year. The solar power plant has enabled ENTRA ASA to reduce its carbon emissions by around 1,000 tonnes per year.

In addition to its renewable energy initiatives, ENTRA ASA has also implemented a range of energy efficiency measures to reduce its energy consumption. The company has invested in energy-efficient lighting, heating, and cooling systems, as well as building automation systems that enable the efficient management of energy use. ENTRA ASA has also implemented a range of measures to encourage its tenants to reduce their energy consumption, such as providing energy-efficient appliances and encouraging the use of public transport.

ENTRA ASA's sustainability initiatives have been recognised by a range of industry bodies and organisations. In 2020, the company was awarded the "Green Star" certification by the Global Real Estate Sustainability Benchmark (GRESB), which recognises companies that demonstrate leadership in sustainability. ENTRA ASA was also awarded the "Green Building Award" by the Norwegian Green Building Council in 2021, which recognises buildings that demonstrate excellence in sustainability.

In conclusion, ENTRA ASA is a leading real estate company in Norway that is committed to sustainability and decarbonisation. The company has set ambitious targets to achieve net-zero carbon emissions by 2030 and has adopted a range of initiatives to achieve this goal, including the adoption of Corporate PPAs, investment in renewable energy projects, and implementation of energy efficiency measures. ENTRA ASA's sustainability initiatives have been recognised by a range of industry bodies and organisations, demonstrating the company's leadership in sustainability in the Norwegian real estate industry.

✓ Declared Net Zero commitment