Flogas Enterprise and Bon Secours Health System Sign a Corporate Power Purchase Agreement – a first-of-its kind for an Irish Hospital Group
Ireland’s largest independent hospital group, Bon Secours Health System and energy supplier Flogas Enterprise have signed a new three year Corporate Power Purchase Agreement (CPPA).
Bon Secours Health System is the first hospital group in Ireland to sign a CPPA which will allow the company to purchase renewable electricity directly from a wind farm in Co. Tipperary.
This new CPPA will ensure that the largest provider of private healthcare in Ireland, Bon Secours Health System, is powered by renewable electricity harnessed from wind energy in Tipperary and used across its six sites in Cork, Dublin, Galway, Limerick and Tralee. The hospital group treats more than 300,000 patients annually.
This CPPA will meet 50% of the Bon Secours Health System’s annual electricity requirements and support its sustainability ambitions over the coming years to help reduce its carbon emissions. Guarantees of Origin (GoOs) (an electronic document which provides proof that a given share or quantity of energy was produced from renewable sources) associated with the wind farm will be retired in Bon Secours Health System’s name to support its scope 2 emissions reporting.
A Corporate Power Purchase Agreement, commonly referred to as a CPPA, is an agreement where a company purchases electricity directly from a wind farm or solar farm. The demand for renewable CPPAs in Ireland is surging significantly, driven by the growing number of companies seeking to reduce their carbon footprint, attain budget predictability in an unstable energy market, and support their sustainability initiatives.
“Bon Secours Health System is committed to providing advanced medicine and exceptional care to our patients in a more sustainable way. This commitment is deeply rooted in our values. Aligned with our 2025 Strategic Plan, this partnership with Flogas Enterprise is a huge step towards our goal of reducing our carbon and climate impact and becoming a more sustainable healthcare organisation.” said Paul Foley, Chief Sustainability Officer, Bon Secours Health System.
“We have defined a CPPA structure that makes it incredibly easy for our customers, we act as energy facilitators between renewable generators and large companies who want to transition to more sustainable energy, and we take great pride in assisting Bon Secours Health System on their journey to becoming a more sustainable organisation” said Lauren Stewart, Customer Relationship Manager at Flogas Enterprise.
“For over 20 years, we’ve a proven track record in bringing innovative sustainable energy products first to the market. We were the first energy supplier on the market to make Corporate Power Purchase Agreements available to Irish businesses for fully traceable, 100% renewable electricity – moving beyond generic, certificates-backed tariffs. Hundreds of large organisations both public and private across Ireland have trusted us to assess their energy needs and find the right energy strategy for them. Our mission is to support Irish energy users to enter the renewable market and improve the traceability of renewable electricity procurement. One day, we hope all large enterprises in Ireland will be powered with 100% sustainable energy.” She added.
The Government’s Climate Action Plan sets a target that 15% of electricity consumption should come from renewable electricity contracted under corporate power purchase agreements by 2030.
Part of DCC plc, Flogas Enterprise is a leading supplier in the market bringing CPPA options to customers and can offer expert advice and help to businesses who want to make the switch. To speak with one of their expert advisors, call 01 884 9400 or email ppa@flogasenterprise.ie
For more information on Flogas Enterprise or Corporate Power Purchase Agreements, click here.
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