Coca-Cola Europacific Partners (CCEP) latest Power Purchase Agreement (PPA) with Alinta Energy brings the beverage giant closer to its goal of 100 per cent renewable energy by 2025.
The eight-year agreement with Alinta Energy starts in 2023 and includes large-scale generation certificates and 13,000 MWh a year of renewable electricity from the Yandin Wind Farm, located in the wheatbelt town of Dandaragan, 175km north of Perth.
CCEP vice president and general manager of Australia, Pacific, and Indonesia, Peter West said the landmark agreement would also contribute to the company’s global goal of achieving net zero by 2040 for direct emissions and to reduce our absolute GHG emissions across our value chain by 30 per cent by 2030 (vs 2019).
“CCEP is taking serious action to reduce our carbon footprint across our operations, and as a global business, we have set bold targets.
“Our partnership with Alinta Energy brings us a step closer to achieving our target of 100 per cent renewable electricity by 2025, which is one of the ways we’ll reach net zero by 2040,” West said.
CCEP has a number of significant sustainability initiatives underway, including all bottles under one litre now being made of 100 per cent recycled plastic.
It is part of Circular Plastics Australia, a joint venture with Asahi Beverages, Pact Group, and Cleanaway Waste Management. The JV has built a $45 million PET recycling plant in Albury-Wodonga and a second plant is under construction in Melbourne.
The Albury-Wodonga facility is expected to recycle around one billion PET beverage bottles a year.
In August, CCEP’s investment arm CCEP Ventures announced a research collaboration with the University of Berkeley on technology to convert air into sugar, with the goal to ultimately reduce a reliance on agricultural land and processes.
