PepsiCo Canada says it will purchase enough renewable energy to match 100% of its operations starting in 2023.
The company will reach its target of matching its electricity consumption with 100% renewable energy this year through a Virtual Power Purchase Agreement (VPPA) with a subsidiary of TransAlta for a new wind farm in Alberta and the purchase of Canadian Green-e certified renewable energy certificates from other Canadian wind sources.
The 12-year partnership includes the Hanna, Alta.-area Garden Plain Wind Project – a 14,000-acre plot of land that is expected to produce 130 megawatts of wind power per year.
The transition will secure more than 160,000 megawatt-hours of electricity from renewable sources annually, helping offset the climate impacts of the company's electricity usage. PepsiCo is working towards net-zero emissions by 2040.
"We're incredibly proud to share that we're on track to achieve our goal of sourcing 100% renewable electricity," said Chris Johnson, national engineering and sustainability senior manager, PepsiCo Canada, in a statement. "This is just another step forward in our journey to build a more sustainable food system and ultimately, building a more circular economy in Canada with renewable electricity generated right in our own backyard."