Scan Global helps power the energy transition with PPAs: "It’s crucial to have a partner with deep expertise”
Scan Global is actively contributing to Denmark's energy transition by sourcing power from a solar park that they helped bring to life. This initiative reflects their commitment to injecting more renewable energy into the grid, while addressing the increasing demands of their major clients for documented proof of their sustainability efforts.
Imagine plugging in a charging cable and knowing the power surging through isn't just charging the electric truck but also driving a more sustainable future. That's exactly what Scan Global is doing. They're not just sourcing renewable power; they’re building it, literally, by sourcing power from a solar park they helped bring to life.
Driven by an ambition to exceed regulatory requirements, Scan Global has sourced their power through a Power Purchase Agreement (PPA) since 2023. This agreement secures renewable energy from a solar park in Jutland, which they have co-financed in partnership with Mind Energy and other forward-thinking companies. Two more PPAs are underway, in Sweden and Denmark.
As a global player in the transport and logistics sector, which accounts for a significant portion of global CO2 emissions, Scan Global recognizes its responsibility to lead the way in decarbonization. The global freight forwarder is dedicated to taking concrete steps towards a more sustainable industry and society.
"This isn't about ticking compliance boxes, it's about actively participating in the green transition."
"By supporting the construction of new renewable energy sources, we're adding fresh renewable power to the grid. Also, it's good for business. This agreement allows us to demonstrate to our clients that sustainability is a core priority," explains Simon Holst Algren, Global Sustainability and ESG Programme Manager at Scan Global.
Scan Global's involvement in the PPA extended from the very beginning, ensuring the financial backing necessary to bring a new solar park to life, thereby increasing the availability of renewable energy. This concept of additionality – making sure they were adding new renewable power to the grid, not just relying on existing supply – was paramount to Scan Global, as was the park's strategic location near one of their key logistics centers.
About the solution
Mind Energy serves as an ongoing strategic partner for Scan Global, offering advice on their specific PPA and on their future energy solutions and sourcing strategies in other countries.
Mind Energy has managed the entire process, from Scan Global's initial mandate to co-finance the solar park's construction, through to its completion, and the ongoing operations and advisory services since.
Scan Global has sourced their power through a Power Purchase Agreement (PPA) since 2023. Two more PPAs are underway, in Sweden and Denmark.
Mind Energy has managed the entire process, from Scan Global's initial mandate in 2021 to co-finance the solar park's construction, through to its completion in 2023, and the ongoing operations and advisory services since. This means Mind Energy handles all aspects, including liaising with the energy producer, managing power delivery, and mitigating risks. Scan Global receives a straightforward, transparent settlement based on their actual consumption, with Mind Energy also balancing supply and demand.
"We're not energy experts. That’s why we have Mind Energy as our partner in every aspect, simplifying the process for us. It's crucial to know that we have someone with deep expertise ensuring everything runs smoothly,"
says Simon Holst Algren.
The PPA simplifies Scan Global's energy consumption reporting. Mind Energy provides all the necessary documentation for their annual report, which not only demonstrates compliance with targets and regulations but also reassures clients that Scan Global is taking decisive action to meet their sustainability objectives. This translates directly into a competitive advantage for the global freight forwarder, also when bidding on large contracts.
Mind Energy serves as an ongoing strategic partner for Scan Global, offering advice on their specific PPA and on their future energy solutions and sourcing strategies in other countries. Mind Energy continuously provides insights into historical and projected prices and conducts simulations, enabling Scan Global to optimise their energy mix.
"We have a close and ongoing dialogue with Mind Energy. They understand our business, respond quickly when we have a specific need or question, and I value their honesty. They give proactive advice, without us having to ask. It's an extremely strong partnership in every way."