Client

Founded in 2010 in Barcelona, it defines itself as a technology company focused on the energy transition and aims to be a tool for global change and achieve a world powered 100% by green energy.

Holaluz aims to transform the current energy generation model, which is centralised and non-renewable, into a model where distributed and 100% green generation plays a bigger role. Its business strategy is based on two areas: the installation of solar panels and energy management.

It has led the energy transition in Spain as a top player in the solar segment; it has more than 14,000 installations and has prevented more than 2.7 million tonnes of CO2 emissions since 2010.

Challenge

To design a Climate Action Plan to decarbonise the company’s activities. The overall objective is to align the company’s strategy for 2030 with the goal of reducing greenhouse gas emissions according to the Science Based Targets initiative (SBTi), which aims to keep global warming below 1.5ºC.

What was done?

The first step was to analyse Holaluz’s carbon footprint calculation for 2022 to identify the hotspots in terms of carbon footprint across the various emission categories.

Next, emission reduction targets were set in line with SBTi criteria.

Finally, the Climate Action Plan for 2030 was designed. This last phase consisted of three sub-phases:

  • – Gathering information and data on actions and projects with potential to reduce emissions, and a benchmark to identify emission reduction projects within the sector.
  • – A workshop with the Holaluz team to brainstorm potential actions to decarbonise their activities; from these, the most feasible actions aligned with the company’s goals were selected, and the categories and actions of the Climate Action Plan were defined.
  • – Calculation of the emission reduction potential of the planned actions and the overall results of the Climate Action Plan for 2030.

Results

71%

Potential reduction in carbon footprint from 2022 to 2030.

10

Actions to be carried out in the supply chain, energy, mobility, and waste management.

Conclusions

Holaluz’s climate commitments for 2030 are: zero direct emissions from installations and vehicle fleet; halving emissions per intensity (MWh) of the electricity traded; stopping the use of fossil fuels in energy trading, and reducing other indirect emissions in the value chain by at least 42%.

The Climate Action Plan will result in significant reductions in emissions related to the company’s activities. The reduction in emissions will occur mainly in 2023, due to the cessation of trading energy from fossil fuel sources.

The Plan is fully aligned with the SBTi, which aims to keep global temperature rise below 1.5ºC.

With the Climate Action Plan in place, the next step will be to implement it so that the emission reduction targets become a reality.

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