Friday 25 February 2022

Finnish packaging firm Huhtamaki wraps up virtual renewable PPA

Finnish packaging and labelling company Huhtamaki has struck a 12-year virtual power purchase agreement (VPPA) with NextEra Energy Resources.

The VPPA for 42MW of renewable electricity covers around 30% of the firm's operations' current power demand in the US and Mexico, where it has 18 manufacturing units.

The renewable energy will be sourced from a subsidiary of NextEra Energy Resources' 300MW Inertia Wind Energy Centre in Texas, which is expected to start operations by the end of 2022.

It will save more than 71,000 tons of carbon emissions every year, equivalent to the average power usage of more than 12,000 homes in the US.

Thomasine Kamerling EVP Sustainability and Communications said: “We have already taken a series of pioneering steps on our journey to a sustainable future, with the intent to reach carbon-neutral production by 2030 while optimising usage of resources, including energy, water and waste.

“The VPPA enables us to make a significant leap forward in delivering on our ambitious sustainability agenda and Scope 2 emissions reduction target in line with our science-based targets. It also contributes to adding more green electricity into the US energy mix.”