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Chr. Hansen inks 10-year power contract with 2 Danish solar farms

Global bioscience company Chr. Hansen Holding A/S has signed a long-term power purchase agreement with developer Better Energy for two new solar parks in Denmark.

Better Energy said it will sell the output of the projects for a 10-year period at a fixed price once they are finished in April 2020. The names and locations of the solar projects were not disclosed.

"We could offer [Chr. Hansen] a solution with three clear benefits: competitive prices, direct association with specific solar parks and the subsequent creation of new renewable energy capacity in Denmark," said Better Energy CEO Rasmus Lildholdt Kjær.

The contract will help the bioscience company to switch to 100% renewable energy, according to a Sept. 23 release.

Energi Danmark A/S will match, on an hourly basis, Chr. Hansen's consumption pattern with the energy production from a mix of several renewable sources to ensure balance.

Headquartered in Hørsholm, Denmark, Chr. Hansen develops natural solutions for the food, beverage, nutritional, pharmaceutical and agricultural industries. The company is a supplier of food cultures, probiotics, enzymes and natural colors.