Nestlé Deutschland has increased its renewable electricity share to 70%, powering production sites in Hamburg, Neuss, and Biessenhofen entirely with wind and solar energy. This aligns with Nestlé’s global strategy to reduce electricity consumption and switch to renewable energies by 2025. Through PPA with Swiss-based BKW, Nestlé Deutschland will source 80 GWh of electricity per year from German wind farms and photovoltaic installations by 2026. With a total energy requirement of 113 GWh per year, Nestlé will invest in new renewable energy systems and purchase guarantees of origin to cover the remaining 30%. This approach will surpass Germany’s average renewable energy share of 56% by more than 14%. As per the company, this initiative supports Nestlé’s climate targets of halving greenhouse gas emissions worldwide by 2030 and reaching net-zero emissions by 2050.
Nestlé increases renewable energy share
Nestlé Deutschland aims to meet all its power needs with renewable energy by 2025 as part of its global sustainability strategy. (Image Credit: BKW)
SECI projects totaling 1,023 MW were commissioned in Jaisalmer, Rajasthan, by Acme Solar, utilizing ISTS connections and SECI PPA financing. (Image Credit/Source: Andreas160578/Pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdrola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)