Hellenic Cables secures 100% renewable electricity for its plants
Athens, 15 April 2020
In another push to reduce its carbon footprint and meet increasing demand for sustainable and environmentally friendly cable solutions, Hellenic Cables has entered an agreement with Enel Green Power to ensure that 100% of its power supply needs in Greece originate from renewable energy.
The agreement includes all of Hellenic Cables’ industrial facilities in Greece, including its flagship submarine cables plant in Corinth and the high-voltage cables plant in Thiva. Enel Green Power guarantees the origin of renewable electricity through its large renewables portfolio in the country.
This is another step taken by Hellenic Cables to minimize its environmental impact. It follows a series of initiatives in the same line including adoption of circular economy practices and waste reduction.
Hellenic Cables and Enel Green Power intend to expand on this agreement with collaboration on various energy efficiency initiatives and renewable energy projects, further enabling the green energy transition in Greece and in Europe.
About Enel Green Power
Enel Green Power, within the Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of around 46 GW across a generation mix that includes wind, solar, geothermal and hydropower, and is at the forefront of integrating innovative technologies into renewable power plants. In Greece, through its subsidiary Enel Green Power Hellas, manages capacity of 464 MW, of which 354 MW from wind, 90 MW from solar and about 20 MW from hydro.
About Hellenic Cables
Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and utilities, as well as undertaking turnkey power transmission and distribution projects. Through its fully-owned subsidiary Fulgor SA, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints on a worldwide basis is empowered by the Company’s state-of-the-art facilities and equipment. Hellenic Cables recently implemented a EUR 150 million investment plan for the production of high and extra high-voltage submarine cables at Corinth plant. Looking ahead, additional investments in technology and innovative cable solutions are planned, as a way of contributing to the creation of a sustainable future for its stakeholders. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com.