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Home - Finance - Engie secures 10-year virtual PPA from Coca-Cola in Australia – SPE
Finance

Engie secures 10-year virtual PPA from Coca-Cola in Australia – SPE

solarenergyBy solarenergySeptember 18, 2024No Comments2 Mins Read
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Coca-Cola has signed a virtual power purchase agreement (PPA), brokered by France-based Engie, to source renewable energy and associated credits from the Wellington North Solar Farm in the Australian state of New South Wales.

September 18, 2024 Ev Foley

Image: Coca-Cola Europacific Partners Australia

By pv magazine Australia

Based in Sydney Coca-Cola Europacific Partners (CCEP) has signed a 10-year Virtual Power Purchase Agreement (VPPA) brokered by France Engie.

Under the VPPA, CCEP will purchase a percentage of renewable energy and associated renewable energy credits (RECs) from the newly built Wellington North Solar Farm (WNSF), owned by the UK Light source bp.

CCEP has also invested in solar panels on the roofs of its manufacturing sites in Australia and has entered into a number of significant power purchase agreements.

CCEP Australia Managing Director Orlando Rodriguez said the company has set a series of ambitious targets to reduce its carbon footprint and impact on the environment.

“To achieve our target for renewable electricity in Australia, we have been strategic power purchase agreements and made the most of our rooftop real estate with solar panels at many of our facilities across the country,” said Rodriguez.

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

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See also  Lower demand and falling gas prices are driving European electricity prices down – SPE
10Year Australia CocaCola Engie PPA secures SPE virtual
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