Coca-Cola Advances Towards Net-Zero Emissions in Australia by 2040 Through Engie Partnership

Coca-Cola Europacific Partners Plc, a UK-based bottling company, has finalized a new power purchase agreement with France's Engie SA in Australia.

This agreement will allow the company to achieve its 100% renewable energy target sooner than anticipated.

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This virtual power purchase agreement (VPPA) will enable Coca-Cola to transition to using entirely renewable energy for its operations in Australia by January 1, 2025—one year ahead of its initial timeline.

As part of the agreement, Coca-Cola will receive green electricity and corresponding Renewable Energy Credits (RECs) generated from the Wellington North solar farm, developed by Lightsource bp in New South Wales.

This solar facility, boasting a capacity of 425 MW DC, is located southeast of Dubbo and is expected to generate approximately 925,000 MWh of energy upon becoming operational.

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Coca-Cola Europacific Partners joined the Climate Group’s RE100 initiative in 2021 and has since been committed to enhancing its sustainability efforts.

The company has been actively investing in rooftop solar installations across its production facilities in Australia and has entered into multiple green power purchase agreements.

Coca-Cola aims to achieve net-zero emissions in its Australian operations by 2040.

This strategic move aligns with Coca-Cola’s broader sustainability objectives and highlights the growing trend of companies prioritising renewable energy sources to reduce their carbon footprint and support global climate goals.