Zelestra and Graphic Packaging sign VPPA to boost renewable energy in Europe

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Joe Yost, Executive Vice President & President of international at Graphic Packaging, stated, “This agreement is a testament to Graphic Packaging’s commitment to environmental leadership and represents our largest decarbonization lever in Europe.” 

He added, “The long-term contract will create new green electricity capacity in Europe, supporting both our own and our customers’ commitments to reducing GHG emissions. It also demonstrates our promise to becoming better, every day, for our employees, customers, shareholders, and the planet”. 

Also read: Qualitas Energy inks long-term VPPA with Salesforce 

The agreement with Zelestra significantly supports Graphic Packaging’s goal to cut Scope 1 and 2 GHG emissions by 50.4% by 2032. It will raise the Company’s share of purchased renewable electricity in Europe to around 70%. 

Zelestra, a global leader in renewable energy with 20 GW of carbon-free projects across 13 countries and supported by EQT, boasts a team of over 800 professionals. 

 Graphic Packaging International, LLC, the main subsidiary of Graphic Packaging Holding Company based in Atlanta, Georgia, specializes in designing and producing consumer packaging from renewable or recycled materials.