Graphic Packaging and Zelestra sign agreement to add renewable electricity to European grid

Packaging Solutions Green Solutions

Graphic Packaging International has announced it has entered into a virtual Power Purchase Agreement in Europe with renewable energy company Zelestra. The agreement supports Zelestra in adding renewable electricity to the European power grid and advances Graphic Packaging’s commitment to reduce its greenhouse gas emissions by receiving renewable energy attribute certificates generated by the project.

The renewable electricity generated by two of Zelestra’s solar projects to be built in Spain – José Cabrera and Socovos II – will have a combined total capacity of 83 megawatts (MWdc). Graphic Packaging expects to receive renewable energy attribute certificates corresponding to approximately 86% of the solar projects’ output.

The agreement is a strategic component in achieving Graphic Packaging’s science based target to reduce Scope 1 and 2 GHG emissions by 50.4% by 20322. It will increase the company’s purchased renewable electricity in Europe to approximately 70%.