Stora Enso: Capex

This practical example from Stora Enso explores their Energy Efficiency Fund. First introduced in 2008, the fund has not only become their most successful in terms of Net Present Value/ capex but has also generated annual energy savings in their operations. 

"Over the ten years we have had the fund, the average ratio of NPV/capex has been over four, higher than average in our investment projects."

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