Flogas has signed a corporate power purchase agreement (CPPA) with Irish Tar, a leading manufacturer of bituminous road binders and emulsions in Ireland. Under the terms of the agreement, Flogas will supply 60% of Irish Tar’s electricity directly from the Glackmore wind farm in County Donegal. The renewable energy is locked in at a fixed price, with the remainder of Irish Tar’s energy needs also met through 100% renewable electricity provided by Flogas.
This agreement is a key part of Irish Tar’s sustainability strategy, helping the company make significant strides toward its decarbonisation goals. The CPPA is expected to contribute to an estimated 50% reduction in Irish Tar’s Scope 2 emissions.
James Temple, Renewables Manager at Flogas, said: “We’re delighted to expand our work with Irish Tar on this next phase of their sustainability journey. Flogas goes beyond simply offering CPPAs; we provide tailored, end-to-end energy solutions that incorporate renewable electricity procurement, including direct agreements with wind and solar farm owners, alongside energy efficiency analysis and streamlined billing.”
The collaboration also extends beyond the CPPA to include energy efficiency initiatives. This marks the third CPPA between Flogas and Irish Tar, following earlier agreements in 2022.
JP Brennan, Managing Director of Irish Tar, commented: “Sustainability is at the core of Irish Tar’s business strategy and our decarbonisation strategy is targeting a 50% reduction in our Scope 1 & Scope 2 emissions and to be Net Zero operationally by 2030. Not only does the CPPA provide us with a 50% reduction in our Scope 2 emissions, but it also provides us with an element of forward price certainty in what is a volatile energy market at present.
