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PepsiCo, Givaudan, Smurfit Westrock and Statkraft Sign 10‑Year Renewable Energy Agreement to Advance Value Chain Decarbonization Across Europe
PepsiCo (NASDAQ: PEP), Givaudan, Smurfit WestRock and Statkraft have announced a 10‑year Virtual Power Purchase Agreement (VPPA) with an underlying wind asset in Spain which is undergoing repowering. The agreement strengthens progress toward shared sustainability goals
About this update from Schneider Electric Se
[{"type":"text","content":"PepsiCo, Givaudan, Statkraft and Smurfit Westrock announce a renewable energy initiative enabled by the pep+ REnew program, supported by Statkraft, to reduce emissions across Europe.","length":182,"tagName":"p"},{"type":"text","content":"PURCHASE, N.Y., April 28, 2026 /PRNewswire/ -- PepsiCo (NASDAQ: PEP), Givaudan, Smurfit WestRock and Statkraft have announced a 10‑year Virtual Power Purchase Agreement (VPPA) with an underlying wind asset in Spain which is undergoing repowering. The agreement strengthens progress toward shared sustainability goals","length":316,"tagName":"p"},{"type":"image","alt":"PepsiCo, Givaudan, Smurfit Westrock and Statkraft Sign 10‑Year Renewable Energy Agreement to Advance Value Chain Decarbonization Across Europe","displaySize":"","headline":null,"caption":"PepsiCo, Givaudan, Smurfit Westrock and Statkraft Sign 10‑Year Renewable Energy Agreement to Advance Value Chain Decarbonization Across Europe","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":299,"url":"https://media.zenfs.com/en/prnewswire.com/8260c2efcf5be7ec572d3c50ee62a1c4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pAKJIWVR0SZIAFHfCgLXtA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyNw--/https://media.zenfs.com/en/prnewswire.com/8260c2efcf5be7ec572d3c50ee62a1c4","width":400,"height":299}},"href":"https://mma.prnewswire.com/media/2966533/PepsiCo_Energy_Agreement.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the pep+ REnew program, PepsiCo worked with SE Advisory Services, Schneider Electric's global consulting practice, to structure and deliver its second supply‑chain VPPA cohort under the pep+ REnew program. SE Advisory Services helped aggregate load across PepsiCo, Givaudan, and Smurfit WestRock, opening access to long‑term renewable electricity opportunities and advancing progress toward net‑zero targets.","length":418,"tagName":"p"},{"type":"text","content":"Launched in 2022, pep+ REnew has grown into a global platform supporting over 250 companies across North America, Latin America, Europe, and APAC. This VPPA represents the program's second completed cohort and the first renewable electricity cohort in Europe.","length":263,"tagName":"p"},{"type":"text","content":"The renewable electricity generated through this agreement is expected to contribute to an e...