Berry Inks First Virtual Power Agreement
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEvansville-based Berry Global Group Inc. (NYSE: BERY) is investing in renewable energy through the use of a long-term virtual power purchase agreement. Berry says the agreement will allow it to use solar power to provide sustainable electricity to its facilities in Spain.
Berry says the VPPA investment will support the construction of a solar park in Guadalajara, which will reduce the company’s carbon footprint in Spain with a reduction of about 20,000 tons per year.
“This agreement of the production of renewable energy is one of many steps Berry Global is taking to lower the carbon emissions of our operations,” said Rodgers Greenawalt, executive vice president of operations at Berry. “By taking strides to lower our greenhouse gas emissions, we in turn reduce our customers’ Scope 3 emissions.”
As a part of its Impact 2025 sustainability strategy, Berry commits to reducing its “absolute Scope 1 and Scope 2 emissions by 25% by 2025 vs. a 2019 baseline.” Berry says renewable energy agreements are a prioritized strategy to support its operational goals while also investing in reducing overall energy demand.
Berry says sites that will benefit from the agreement include Tarragona, Madrid, Pamplona, La Caniza, and two in Barcelona. Tarragona is the primary site, with 70% of its energy consumption for the country.