Coca-Cola Europacific Partners Plc, a UK-based bottling company, has signed an eight-year agreement with Australia's Alinta Energy to purchase electricity from a 214-MW wind farm in Western Australia.
According to Alinta Energy, the power purchase agreement (PPA) includes the annual purchase of about 13,000 MWh of renewable electricity and large-scale generation certificates. The supplies will come from its co-owned Yandin wind farm, the largest one in South Australia.
Located 175 kilometers north of Perth, the Yandin wind park was put into operation in May 2021. It is owned by RATCH-Australia Corp, a unit of Thailand’s RATCH Group PCL, and Alinta Energy. RATCH-Australia joined Alinta as an investor and obtained a 70% share in the project in 2019.
The contract, which is scheduled to commence on January 1, 2023, is in line with the beverage product maker and distributor's objective to use 100% renewable energy for its operations by 2025 and achieve net-zero by 2040.
Coca-Cola Europacific Partners was established in 2021 after Coca-Cola European Partners acquired the Australian bottling company Coca-Cola Amatil. It has announced the climate goal of switching to 100% renewables before its acquisition.
Coca-Cola Europacific Partners’ Vice President & General Manager of Australia, Pacific, and Indonesia, Peter West said the agreement support CCEP’s commitment to combat climate change.
“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% renewable electricity by 2025, which is one of the ways we’ll reach net zero by 2040,” he said.