Climate Change Data

7C SOLARPARKEN AG

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:250,000 tCO2e/year (avoided)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Human Rights
  • Diversity and Inclusion
  • Community Investment
  • Governance

Environmental Achievements

  • IPP Portfolio of 422 MWp avoids ~ 250.000 tonnes of CO2 per year when displacing natural gas
  • Re-powering and capacity optimisation strategy leads to a higher power per m², and therefore less land is required
  • Less usage of water during panel cleaning process: e.g. bird laser equipment
  • Positive effects on reservation of nature and biodiversity when investing in PV parks (e.g. compensation areas)

Social Achievements

  • Diversity and Inclusion of employees: e.g. framework agreement with Flemish labour agency (VDAB) for the re-integration of inactive workers
  • Supporting social initiatives: e.g. e-Bike Port at CoVid vaccination Center
  • Progressively shifting to e-Vehicles

Governance Achievements

  • Respecting best Governance principles

Climate Goals & Targets

Long-term Goals:
  • Strategic review to build out a 1 GW platform before 2030
Medium-term Goals:
  • Grow to 525 MWp by 2024
  • Further develop the pipeline of large PPA/merchant projects
Short-term Goals:
  • Grow to 460 MWp by 2023
  • Bring 24 MWp IPP Projects from “under construction / awaiting grid connection” to commissioning before Q4 2023

Environmental Challenges

  • Regulatory uncertainty regarding price caps
  • Supply chain disruptions (longer lead times for components and grid connection)
  • Impact of poor irradiation in Q1 2023
  • Re-Dispatch 2.0 outages in Bavaria
Mitigation Strategies
  • Strategic review to build out a 1 GW platform before 2030 (M&A and partnership considerations)
  • Secure financing of IPP growth and projects in development/construction
  • Re-financing expiring promissory notes
  • Replicating the auto-consumption (rooftop) PPA model from Belgium into Germany

Supply Chain Management

Responsible Procurement
  • Required protocols from solar manufacturers to demonstrate respect of human rights

Climate-Related Risks & Opportunities

Transition Risks
  • Regulatory changes (price caps)