SICORE mandates Westbridge with the further development of sustainable power supply for over 100 German properties

SICORE Real Assets GmbH (SICORE) has mandated Westbridge Advisory GmbH (Westbridge), a leading energy and sustainability expert, with the strategic realignment of its power supply. The focus is on implementing a long-term power purchase agreement (PPA) that ensures a climate-friendly and price-stable supply to existing properties throughout Germany. Central ESG standards and regulatory requirements such as CRREM will be taken into account.

The new electricity concept is based on a hybrid model of fixed-price green electricity procurement (PPA share) and a variable component based on the monthly spot market price. The new contract started on January 1, 2025 and covers over 70% of the expected annual consumption via the PPA product.

Thanks to the collaboration, over 100 SICORE properties benefit from predictable electricity costs and a significantly improved carbon footprint. Compared to purchasing conventional "grey electricity", this will save around 11,800 tons of CO2 over the total term of three years. The PPA guarantees that green electricity will be sourced from renewable sources and fed directly into the German electricity grid. A clear step towards the Net Zero target.

Madlen Fiedler, Chief Sustainability Officer at SICORE, says: "With the new electricity model, we are sending a strong signal for responsible energy management. The combination of predictable costs and climate-friendly supply is an important step towards our sustainability goal - and also makes operational implementation much easier for our property management teams."
Simon Szpyrka, Managing Director at Westbridge, adds: "With SICORE, we are implementing a future-proof energy concept that combines long-term sustainability with flexibility in the electricity market. The high PPA level demonstrates the company's serious commitment to leading the way in decarbonization."

The switch to the PPA model represents another milestone on the road to a climate-conscious and economically viable energy future in the real estate sector. Further properties and the tenants' electricity consumption volumes will be successively included in the new supply.