EQS-News: Lenzing AG accelerates energy transition with expanded renewable energy portfolio

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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