EQS-News: Lenzing AG / Key word(s): Sustainability
Lenzing AG accelerates energy transition with expanded renewable energy
portfolio
25.08.2025 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Lenzing AG accelerates energy transition with expanded renewable energy
portfolio
• Photovoltaic expansion at Lenzing site enhances energy independence
• Diverse energy mix as a strategic foundation
Lenzing – The Lenzing Group, a leading provider of regenerated cellulose
fibers for the textile and nonwoven industries, is setting another
milestone in the energy transition by expanding its photovoltaic
capacities at its Lenzing site. Together with VERBUND, a new PV plant with
a capacity of 1.3 megawatts peak (MWp) has been commissioned, increasing
the total capacity of the PV plant park to 8.3 MWp. Lenzing is thereby
investing in a stable and diversified energy supply and is also making an
active contribution to the energy transition. VERBUND is accompanying
Lenzing on its path to energy independence and, as a reliable partner, is
providing significant support for the expansion of renewable energies.
In recent years, Lenzing has continuously invested in the expansion of
renewable electricity and energy sources. In addition to its PV plant
park, the company operates numerous other sustainable energy projects,
including three small hydropower plants with a total output of 2.3 MW. In
addition, several supply contracts have been concluded in recent years,
for example with WLK energy for the purchase of around 13 MW of wind
energy, and with green electricity producers Enery and Energie Steiermark
to finance a photovoltaic plant with a capacity of 5.5 MWp in the district
of Deutschlandsberg.
“To ensure our long-term competitiveness, we are focusing on a sustainable
energy mix of biomass, photovoltaics, wind energy, and hydropower.
Investments in renewable energies and production that is as energy
autonomous as possible are central components of our strategy. Political
support – for example, through electricity price subsidies – is equally
essential in order to achieve our ambitious sustainability and climate
goals,” explains Christian Skilich, member of the Lenzing Group Executive
Management.
Martin Wagner, Managing Director of VERBUND Energy4Business, emphasizes
the importance of this strategic cooperation: “The partnership with
Lenzing is an important step for us toward a sustainable energy future.
Together, we are not only shaping energy independence of companies, but
also actively contributing to the energy transition. The new photovoltaic
system is further proof that we are driving forward the transformation of
the energy market through cooperation. VERBUND remains a reliable partner
in supporting companies such as Lenzing on their path to a more
sustainable future.”
Lenzing is thus also steadily moving closer to its net-zero target.
Lenzing updated its climate targets for 2024 to align its commitment to
climate protection with the goals of the Paris Agreement to limit global
temperature rise to 1.5 degrees Celsius. The Science Based Targets
Initiative (SBTi), the leading authority on climate-related target
setting, reviewed and confirmed the target increase. Lenzing is the only
producer of regenerated cellulose fibers with a scientifically confirmed
net-zero target.
Photo download:
(1)https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=ImhokG8w183B
PIN: ImhokG8w183B
Your contact for
Public Relations:
Dominic Köfner
Vice President Corporate Communications, Public Affairs & Investor
Relations
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743
E-mail (2)media@lenzing.com
Web (3)www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for the responsible production of specialty and
premium fibers based on regenerated cellulose. As an innovation leader,
Lenzing is a partner of global textile and nonwoven manufacturers and
drives many new technological developments. The Lenzing Group’s
high-quality fibers are the raw material for a wide range of textile
applications – ranging from functional, comfortable, and fashionable
clothing through to durable and sustainable home textiles. TÜV-certified
biodegradable and compostable Lenzing fibers are also ideal for demanding
use in everyday hygiene applications.
The Lenzing Group’s business model extends far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, adding value
for consumers. The Lenzing Group strives for efficient utilization and
processing of all raw materials and offers solutions for the transition of
the textile industry from the current linear economic system to a circular
economy. In order to align its commitment to limiting man-made climate
change with the goals of the Paris Agreement, Lenzing has a clear,
science-based climate action plan that provides for a significant
reduction in greenhouse gas emissions (Scopes 1, 2, and 3) by 2030 and a
net-zero target by 2050.
Key Facts & Figures Lenzing Group 2024
Revenue: EUR 2.66 bn
Nominal capacity (fibers): 1,110,000 tonnes
Employees (full-time equivalents): 7,816
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™, and REFIBRA™ are trademarks
of Lenzing AG.
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25.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2187700
End of News EQS News Service
2187700 25.08.2025 CET/CEST
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