Royal Cosun achieves 5.1 million kg CO2 reduction per year with green financing from BNP Paribas
Royal Cosun, a leading international agricultural cooperative, has signed a 10-year lease contract with BNP Paribas Leasing Solutions to finance more than 28,000 solar panels located at the Cosun Solar Park in Puttershoek.
This is the first green financing Cosun has concluded and it contributes to the ambition of becoming CO2 neutral by 2050. The green financing concerns a new lease construction by BNP Paribas for a project of more than 28,000 solar panels on a 7-hectare solar meadow. The 7-hectare solar meadow will reduce CO2 emissions by 5.1 million kilograms a year and is part of the 17-hectare Cosun Solar Park. Every year, 2 million kWh of renewable energy is generated to supply the speciality factories of the subsidiary Cosun Beet Company with green energy.
This is the third investment in solar panels that Royal Cosun has made in recent years. Solar panels had previously been installed on the roof of the cold store of Aviko, a subsidiary in Steenderen, and on the roof of the new Aviko production plant for frozen fries and potato flakes in Poperinge, Belgium. The investment in the solar meadow project, which has now been completed, will generate a total of 9.2 million kWh per year: this is equivalent to the energy consumption of approximately 3250 Dutch households.
The lease construction, developed by BNP Paribas Leasing Solutions, is a first for the financing of solar parks in the Netherlands and internationally one of the first on this scale. This customised solution provides Royal Cosun with greater flexibility in its financing options for its regular investments. The financing of solar parks is a logical next step for BNP Paribas Leasing Solutions in expanding the possibilities for the financial lease of sustainable goods such as charging stations, LED solutions, E-bikes and solar panels.
Hans Meeuwis, CEO of Royal Cosun: “We are delighted that we have secured tailor-made financing for our solar meadow with BNP Paribas Leasing Solutions. This fits in with our aim of maximum energy efficiency and making energy use greener, and it helps to further realise our CO2 reduction targets.”
Geert Lippens, CEO of BNP Paribas Nederland: “The cooperation with our partner Royal Cosun is in line with BNP Paribas’ commitment to provide green financing solutions to its customers. It is a prime example of our One Bank strategy: the interdisciplinary cooperation within BNP Paribas Netherlands has culminated in the development of a customer-oriented lease construction that can be added to the wide range of financing options that contribute to the realisation of the Paris climate objectives.”
From left to right: David Verhasselt (BNP Paribas), Evelien Stevens (BNP Paribas), Hans Meeuwis (CEO Royal Cosun), Geert Lippens (CEO BNP Paribas Nederland) and Hans Schuil (CFO Royal Cosun).
Share this message
Hi everyone! I am James Knop and I’m 21 years old. For the past four years I’ve been studying communications at Avans University of Applied Sciences in Breda. I’ve spent the past five...Read more
To convert a batch process to a continuous process, Cosun Biobased Experts chose to go back to pilot scale. For the renewed production process, the decanter centrifuges were chosen. After the test setup,...Read more
Cosun Beet Company and Avantium N.V. have the ambition to jointly construct and operate the first commercial plant for the production of plant-based glycols using Avantium’s Ray Technology™....Read more
Cosun Biobased Experts was given the opportunity to elaborate on the concept of bio-refining sugar beet pulp during the Cosun Beet Company Technology Days on April 6 and 7. A selection of Cosun...Read more
Cosun Beet Company – Biobased Experts’ antiscalant technology offers the solution for next level sustainable water production: the ultra-purified Carboxyline® CMI antiscalant combines high...Read more
On December 2nd 2020, Cosun Beet Company - Biobased Experts presented a digital cheque to Water for Life. During an online meeting Gerald van Engelen, General Manager Cosun Beet Company- Biobased Experts,...Read more
You will probably see them on supermarket shelves in March 2021: kilogram bags of Van Gilse granulated sugar packed in paper made from sugar beet pulp. This breakthrough sustainable innovation is a joint...Read more
Our biobased structuring agent in a dry free flowing powder form Betafib® ETD is the new generation of our cellulose, maybe one of the most easy to process material available on the market which...Read more
After five successive years of being awarded the EcoVadis Gold medal, Cosun Beet Company has been honoured with a Platinum medal for 2020. This is the highest possible rating and, with a score of 73 out...Read more
In the last 10-15 years we have successfully developed and commercialized various innovative functional ingredients based on the side streams and crops within Cosun. We aim to continue this 100% natural...Read more
Recent developments increased the need to be active online. Staying save and still in contact with our customers has been a challenge. To be found on the different kind of platforms we also move part...Read more
Cosun Beet Company - Biobased Experts was invited to present at the 24th Annual Green Chemistry & Engineering Conference. An invitation we gladly and proudly accepted. The presentation focussed on...Read more
Cosun Beet Company – Biobased Experts is an exhibitor at in-Cosmetics Global 2020, the leading exhibition for personal care ingredients in the world (Barcelona 31 March – 2 April).Read more
Cosun Beet Company – Biobased Experts chooses Essential Ingredients to distribute its Household, Industrial, & Institutional ingredients in North America. Essential Ingredients is an international...Read more
Philippe Mental, BBI JU Executive Director, awarded the PULP2VALUE project with a prize for the highest number of cross-sector interconnections (KPI 1 of the BBI JU) on the BBI JU Stakeholder Forum 2019...Read more
The production of Dutch beet sugar produces considerably less CO2 and fine particles than the production of cane sugar. Beet sugar also requires far less land and consumes significantly less water. These...Read more