糖心Vlog

糖心Vlog ( 糖心Vlog 鈥淕raphic Packaging 糖心Vlog 鈥� or the 糖心Vlog 鈥淐ompany 糖心Vlog 鈥�), a global leader in sustainable consumer packaging, today announced it has entered into a virtual Power Purchase Agreement ( 糖心Vlog 鈥渧PPA 糖心Vlog 鈥�) in Europe with , a client-focused, multi-technology, global renewable energy company.The vPPA supports Zelestra in adding renewable electricity to the European power grid and advances Graphic Packaging 糖心Vlog 鈥檚 commitment to reduce its greenhouse gas ( 糖心Vlog 鈥淕HG 糖心Vlog 鈥�) emissions by receiving renewable energy attribute certificates[1] generated by the project.

The renewable electricity generated by two of Zelestra 糖心Vlog 鈥檚 solar projects to be built in Spain 糖心Vlog 鈥� Jos茅 Cabrera and Socovos II 糖心Vlog 鈥� will have a combined total capacity of 83 megawatts (MWdc). Graphic Packaging expects to receive renewable energy attribute certificates¹ corresponding to approximately 86 percent of the solar projects 糖心Vlog 鈥� output.

The agreement is a strategic component in achieving Graphic Packaging 糖心Vlog 鈥檚 science-based target to reduce Scope 1 and 2 GHG emissions by 50.4 percent by 2032². It will increase the Company 糖心Vlog 鈥檚 purchased renewable electricity in Europe to approximately 70 percent.

Joe Yost, Executive Vice President & President, International, at Graphic Packaging, said: 糖心Vlog 鈥淭his agreement is a testament to Graphic Packaging 糖心Vlog 鈥檚 commitment to environmental leadership and represents our largest decarbonization lever in Europe. The long-term contract will create new green electricity capacity in Europe, supporting both our own and our customers 糖心Vlog 鈥� commitments to reducing GHG emissions. It also demonstrates our promise to becoming better, every day, for our employees, customers, shareholders, and the planet. 糖心Vlog 鈥�

Ivan Nieto, Zelestra 糖心Vlog 鈥檚 Chief Commercial Officer, said: “We are excited about this partnership with Graphic Packaging to advance our shared values for making decarbonization a reality, and we are proud to be able to offer our customer a tailored, carbon-free solution to progress its sustainability goals. 糖心Vlog 鈥�

Elodie Bugnicourt, Sustainability Director, International, at Graphic Packaging, added: 糖心Vlog 鈥淎fter many months of intense teamwork, we are proud to be able to announce this partnership with Zelestra. The agreement demonstrates our dedication to innovate better packaging that is more circular, manufactured using both materials and energy from renewable sources, and drives the transition to a renewable future. 糖心Vlog 鈥�

 provided advisory services and strategy management for the agreement between Graphic Packaging and Zelestra.

¹ Known as Guarantees of Origin in the EU.

² Based on 2021 as the baseline year.