Coca-Cola Europacific Partners (CCEP) has announced that it will meet its target to use 100 per cent renewable electricity across Australian operations by 1 January 2025.
This milestone is one year ahead of schedule and is made possible by signing a new ten-year Virtual Power Purchase Agreement (VPPA) with global renewable energy leader ENGIE.
Orlando Rodriguez, Managing Director at CCEP Australia, said the partnership with ENGIE and the VPPA have accelerated their progress towards reaching the RE100 target in Australia.
“This will make CCEP one of the first FMCG players in the country to achieve the RE100 commitment and is an important milestone for our business.
“As the maker and distributor of some of the world’s most popular beverages, we have set a series of ambitious targets to reduce our carbon footprint and environmental impact. To reach our renewable electricity goal in Australia, we have engaged in strategic power purchase agreements and made the most of our rooftop real estate with solar panels at many of our facilities across the country.”
CCEP joined the global RE100 initiative in 2021, committing to power its Australian operations with 100 per cent renewable electricity by the end of 2025.
Jules Dufournier, Managing Director of ENGIE Global Energy Management and Sales (GEMS), expressed excitement in supporting CCEP, a major Australian manufacturer, on its path towards net zero.
“ENGIE GEMS is a global leader in this space, connecting the renewable energy industry to like-minded businesses with the aim of accelerating the energy transition. This agreement is a great demonstration of cross-sector collaboration to achieve a shared goal.”
Through the agreement with ENGIE, CCEP will purchase a portion of renewable energy and associated Renewable Energy Credits (RECs) from the newly built Wellington North Solar Farm, owned by Lightsource bp.
Located in the Orana region of New South Wales, the farm spans over 970 hectares—more than three times the size of Sydney’s CBD—and is powered by over 1.2 million solar panels, generating 925,000 Megawatt hours (MWh) of renewable electricity annually.
To stay up to date on the latest industry headlines, sign up to the C&I e-newsletter.