Union Investment’s real estate division has been integrating sustainability into its business strategy for 15 years. The purchase of green electricity, primarily via PPAs, underlines Union Investment’s efforts to protect the climate. The photovoltaic PPA that has now been concluded is a logical addition to the wind PPA that Union Investment concluded with GETEC ENERGIE for the same period last year. Thanks to the technology mix of wind power and photovoltaics, Union Investment not only optimizes its annual portfolio, but also aligns itself efficiently with the seasonal feed-in of solar and wind power.

“Supplying our properties with energy from both wind power and photovoltaic systems via PPAs brings us a step closer to our sustainability goals,” explains Jan von Mallinckrodt, Head of Sustainability at Union Investment Real Estate GmbH. “The legal hurdles for us as an investment company prevent us from generating renewable energy directly in the properties and also from making this energy available to our tenants. Thanks to the PPAs concluded with GETEC ENERGIE, we will cover around 45% of our total tenant requirements this year and as much as 70% from 2023,” von Mallinckrodt continued.

“Energy from PV systems is the ideal complement to the almost classic wind power procurement: the most wind power is typically generated in the fall and winter, while the yield from PV systems is highest in the spring and summer,” explains Cord Wiesner, Managing Director of GETEC ENERGIE. “PPAs are the ideal procurement method for both renewable energy sources,” Wiesner continues.