Varma to Implement Geothermal Heating in 36 Residential Buildings to Reduce CO2 Emissions by 48%
Varma, a Finnish pension company, plans to replace heating systems in 36 apartment buildings, aiming for a 48% reduction in CO2 emissions by 2023. The initiative aligns with Varma's climate targets, including transitioning to fossil-free heating by 2030. LeaseGreen will implement geothermal heat pumps and solar panels. Varma's real estate portfolio, valued at €3.8 billion, consists of 61 buildings housing approximately 4,000 flats. The project also targets energy efficiency improvements and aims for carbon neutrality in its investments by 2035.
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Varma, a leading Finnish pension company, is replacing heating systems in 36 apartment buildings, targeting a 48% reduction in CO2 emissions by 2023. This project is part of their broader commitment to fossil-free heating by 2030.
LeaseGreen will implement geothermal heating and solar panels as part of the overhaul. Varma's real estate portfolio is valued at €3.8 billion, encompassing 61 buildings with around 4,000 flats. The initiative aims for carbon neutrality by 2035, focusing on energy efficiency and sustainable solutions.
Varma's previous partnership with LeaseGreen involved reducing energy consumption at their Elisa Oyj headquarters by 40%. The project is expected to yield significant cost savings and enhance property value.
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