Thursday 10 August 2023

Sparkling water brand SodaStream inks renewable PPA

Sparkling water brand SodaStream has announced an agreement for the supply of renewable energy at its production sites in Israel.

The subsidiary of PepsiCo has signed a 15-year power purchase agreement (PPA) with Enlight Renewable Energy, which will enable the its global production sites in the Middle East nation to operate using 100% renewable energy by the beginning of 2024.

Electricity will be sourced from Enlight's solar and storage facilities as part of the new market regulations in Israel, which allows green power producers to enter into direct PPAs with major companies.

The latest agreement will also support SodaStream's ambition for net zero emissions by 2040.

Eyal Shohat, CEO at SodaStream International said: “SodaStream has been and will continue to be a pioneer regarding environmental responsibility, which is at the core of its business activities and products. For years, SodaStream has been at the forefront of the uncompromising efforts to reduce single-use plastic waste; in 2022 alone, we successfully eliminated approximately five billion single-use plastic bottles. With the welcome regulation in the electricity sector, we are glad to be pioneers in the Israeli industry regarding the transition to renewable energies and a drastic reduction in our carbon footprint.

“The new strategic partnership with Enlight, a company that leads the transition to renewable energies, will allow SodaStream to take another step toward the goal we have set - a 100% renewable energy transition in all of our production sites around the world, as part of a global strategy to preserve the environment, reduce the carbon footprint and work toward a sustainable world.”