星期二, 29 4 月, 2025
Home PV News PepsiCo eyes US wind and solar deals for '100% renewable power this...

PepsiCo eyes US wind and solar deals for ‘100% renewable power this year’

Food and drink group to strike new PPA and REC agreements in latest boost for corporate renewables

Source:Recharge

Food and drink giant PepsiCo unveiled plans to strike new wind and solar deals as it moves to 100% renewable power for its US operations by the end of 2020.

PepsiCo – which runs brands such as Tropicana and Lay’s as well as its flagship cola – said it will use a mixture of mechanisms including virtual power purchase agreements and renewable energy certificates (RECs) to hit its goal.

The group did not specify the current share of renewable power in its direct operations in the US, which accounts for about half its total global power use, but said nine European countries already meet the 100% benchmark.

It expects the new renewable profile to result in a 20% cut in emissions from its US operations against a 2015 baseline.

PepsiCo joins a growing roll-call of corporate majors adopting all-renewable power and energy targets.

Burger giant McDonalds and brewer InBev are among other big food and drink brands announcing enhanced renewable ambitions in recent weeks.

The burgeoning corporate renewable PPA sector is emerging as a key driver of project growth, with developers using deals signed by blue chip corporations to get new wind and solar plants up and running.

PepsiCo said its renewable deals would be skewed to RECs this year, before shifting more to PPAs by mid-decade.

PepsiCo added it would also increase the number of solar installations built at its own sites.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

EVE Energy Made a Stunning Appearance at Solartech Indonesia 2025, Supporting Indonesia’s Energy Transformation with Comprehensive Energy Storage Solutions

From April 23 to 25, 2025, Solartech Indonesia 2025 was grandly held in Jakarta, Indonesia. EVE Energy made a stunning appearance with its full...

413 acre Solar plant with energy storage was proposed in mid-Louth,England

Plans have been lodged with Louth County Council this week for a solar farm on a site of around 167 hectares (412.6 acres) in...

Trina Storage, FlexGen partner for 371MWh energy storage system in Texas

Energy storage solutions provider Trina Storage has collaborated with FlexGen Power Systems, a battery energy storage solution and energy management software provider, to deliver...

Azerbaijan and China sign more than 2GW renewable energy agreements

During President Ilham Aliyev’s state visit to China, Azerbaijan signed six major agreements with Chinese partners to boost cooperation in the renewable energy sector,...