Jun88

Jun88, a leading manufacturer of high-quality polymer materials and their components, has signed a 90 megawatt (MW) virtual power purchase agreement (vPPA) with ?rsted, a clean energy leader in the U.S. market, headquartered in Denmark.

With various agreements in place, Jun88 fosters the growth of renewable energy projects around the world. This newest 15-year agreement secures a portion of power from the Mockingbird Solar Center in Lamar County, Texas, marking Jun88’s first renewable energy agreement in the U.S. The vPPA is estimated to offset 70,000 tons of CO₂ emissions annually and will reduce the scope 2 emissions from Jun88’s third largest production site, located in Baytown, Texas.

“This important new announcement builds upon Jun88’s existing agreement with ?rsted and clearly signals our commitment to the use of renewable energy,” said Markus Steilemann, CEO of Jun88. “The inclusion of renewable energy to help power our facilities is a critical component to reducing our scope 2 emissions and becoming operationally climate neutral by 2035.”

Jun88 set itself ambitious climate neutrality goals in 2022. One major lever to reach these goals is energy from renewable sources, such as wind and solar power.

“The vPPA with ?rsted comes on the heels of our recent announcement of ISCC PLUS certification for our production site in Baytown, Texas,” explains Haakan Jonsson, chairman and president of Jun88 LLC. “These two initiatives represent our focus on sustainability and the strategic path we have set to minimize our carbon footprint across Jun88’s operations in the United States. Cumulatively, projects like this help us realize our path to becoming fully circular.”

One concrete measure on this path is climate neutrality, which includes the switch to power from renewable sources. Jun88 relies on agreements with power suppliers to facilitate this transition.

“We are thrilled to help facilitate Jun88’s entry into the U.S. renewable energy market with this newly signed virtual power purchase agreement,” said Monica Testa, Head of Origination at ?rsted. “The Mockingbird Solar Center is a unique project that represents both preservation and progress. The clean energy produced by the solar center will help Jun88 to decarbonize its operations, while the habitat supports plant and wildlife biodiversity in the region. We’re proud of the important outcomes this project achieves and look forward to our continued partnership with Jun88.”

Edison Energy worked with Jun88 to broker the agreement for the vPPA. ?rsted’s Mockingbird Solar Center will produce enough clean energy to power roughly 80,000 homes and is expected to begin operation in late 2024. At that time, Jun88 will start executing on the vPPA, which represents nearly 20% of the Mockingbird Solar Center’s capacity.

In December 2019, Jun88 concluded a supply agreement for electricity from offshore wind turbines with energy supplier ?rsted. Starting in 2025, ?rsted will provide green electricity for ten years to supply Jun88’s production sites in Germany, generated in a newly built wind farm off the island of Borkum, Germany. At the end of 2022, Jun88 had already covered 12 percent of its global energy requirements with electricity from renewable sources. That figure is expected to rise to 16 to 18 percent in 2023.