Ørsted to Provide PepsiCo with Renewable Energy Through 2 New PPAs
Energy provider Ørsted announced today the signing of two new purchase power agreements with food and beverage giant PepsiCo. Under the terms of the PPAs, Ørsted will provide energy from its 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas, addressing a significant portion of PepsiCo’s US electricity requirements.
Vishal Kapadia, Senior Vice President and Chief Commercial Officer for Ørsted Onshore, said:
“We’re excited to partner with PepsiCo in their efforts to decarbonize their operations. These PPAs at Western Trail and Haystack are another demonstration of our ability to provide customized solutions across multiple geographies to support achievement of corporate sustainability ambitions.”
The agreement follows announcement by PepsiCo today, unveiling a series of new environmental sustainability commitments, including pulling forward the company’s net zero emissions target by 10 years to 2040. The company also recently introduced a goal to source 100% renewable electricity across all of its company-owned and controlled operations globally by 2030 and across its entire franchise and third-party operations by 2040.
Roberta Barbieri, Vice President, Global Sustainability, PepsiCo, said:
“Sourcing renewable electricity is a critical step in our journey to more than double our science-based climate goal, reducing absolute greenhouse gas emissions by more than 40% by 2030 across our value chain, and our pledge to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement. We’re proud to partner with Ørsted on two new wind projects in Texas and Nebraska this year, which will address nearly a quarter of our total U.S. electricity needs and help grow new renewable energy generation capacity in the country.”