Macquarie’s Green Investment Group (GIG) has signed an agreement with Danone companies in Poland to supply renewable energy through a 10-year power purchase agreement (PPA).
The power will be provided by GIG’s Jozwin wind farm, which was acquired by the business last year.
Route-to-market and balancing services will be provided by Axpo Polska, with Axpo also acting as the intermediary with food giant Danone, which will use Axpo as their licenced electricity provider.
This PPA will support Danone’s current decarbonisation goals as its Polish operations make up 6% of the business’ total energy usage around the world.
Danone is part of RE100, a collection of the companies that have committed to using 100% renewable electricity.
Danone’s commitment is to reach 100% of renewable electricity by 2030.
At the end of 2020, Danone exceeded its previous target of 50% by 2020, getting 54.3% of its electricity from renewable sources.
GIG Europe head Edward Northam said: “This agreement shows our ability to work in partnership with our customers, in this case Danone, to develop bespoke solutions under challenging market conditions.
“Having understood Danone’s specific needs, GIG in partnership with Axpo, has created and delivered a solution that meets Danone’s energy and carbon reduction ambitions in a cost-effective manner.”
GIG has now supported 18 corporates with PPAs, equating to 3GW of renewables capacity.
Source and Full Story: ReNews.