Ecohz GO2 is based on renewable electricity purchases documented with Guarantees of Origin (GO). GO2 is a premium product that enables a significant share of the GO revenue to top-finance a named project, in this case Tågeröd. The result is that 18 GWh clean, renewable power is generated annually, and in the excess of 240 GWh new power by the end of 2030.
The real innovation is linked to the GO2 financing model which enables, within two to four years, the top-finance loan to be recirculated and finance yet another power plant of similar size. By 2030, H&M group’s single decision will have resulted in another eight wind turbines to be top-financed and built. In total, these power plants will generate 439 GWh by 2030.
The H&M group is one of 119 influential companies that have joined the collaborative, global RE100 initiative and committed to using 100% renewable power in all their operations – across all territories. Ecohz GO² is a solution to help RE100 members and other forward-looking companies achieve their goals and “go one step further”.
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Ecohz offers global renewable energy solutions to businesses, organisations and electricity providers – providing renewable electricity, from a wide range of sources, regions and qualities. Renewable electricity is documented by Guarantees of Origin in Europe, RECs in North America and International RECs (I-RECs) in a growing number of countries in Asia, Latin America and Africa. Ecohz also provides an innovative additionality solution – GO² – combining renewable energy purchases with the financing and building of new renewable power generation. Companies choosing documented renewable energy can reduce their carbon footprint and improve their sustainability ratings. Ecohz is among the leading independent suppliers in Europe, and has offices in Norway and Switzerland. Ecohz endeavours to play an active role in the current energy transition through its vision of “changing energy behaviour”. www.ecohz.com
For more information, please do not hesitate to contact:
Ingrid Helsingen Warner
+4794878886
Mail: ingrid.h.warner@leidar.com