Bekaert will install a solar park on the factory grounds of its Spanish plant, Industrias del Ubierna SA, Ubisa, in Burgos in Spain, which is a significant step in progressing on the company’s sustainability ambition to reach Carbon Net Zero by 2050. The installation will produce over 14 GWh of electricity per year, equivalent to the yearly consumption of more than 4 000 households. Menapy will develop, finance and operate the installation. The construction is expected to be finished by the start of 2023, allowing electricity production from the spring of 2023 onward. Bekaert Ubisa expects to consume 95% of the generated electricity. This project will produce more than 15% of the electricity Bekaert needs for factory in Spain making it one of the lower carbon footprint Bekaert plants. It direct access to clean electricity, reduces dependance on the grid and will help manage cost in a time of unprecedented energy price inflation. This project is a great example of the actions Bekaert takes to protect the planet by not only focusing on reducing our energy consumption but also investing in renewable energy sources.Menapy develops, finances and operates on-site corporate solar power solutions using roofs, ground and parking called PV carports. It serves high-consuming multinational companies all over Europe, with offices in Belgium, France, Spain and Italy.Bekaert is a leader in steel wire transformation and coating technologies. For over 135 years, Bekaert has been transforming steel wire and applying unique coating technologies toimprove both the bulk and the surface properties of our steel wire products. It draws steel wire in different strengths and diameters, even as thin as ultrafine fibers of one micron, bundle the wires into cords, ropes and strands, profile them into complex shapes, weave or knit them into fabric, or process them into an end product. Depending on application, coatings are applied which reduce friction, improve corrosion resistance, or enhance adhesion to other materials.