Ardagh Metal Packaging-Europe (AMP-Europe) announced on October 16, 2024, the signing of a virtual Power Purchase Agreement (vPPA) with BNZ in Portugal. This agreement is set to commence in 2026 and will run for a duration of 12 years. It will secure 146 GWh per annum of renewable electricity certificates.
This vPPA is expected to offset approximately 50% of AMP-Europe's continental energy consumption, marking a significant advancement in its sustainability initiatives. The deal follows a previous solar energy agreement secured in Germany earlier in 2024. AMP-Europe plans to continue pursuing additional Power Purchase Agreements to meet its target of 100% renewable electricity by 2030.
The company's commitment to accelerating a clean energy transition is reinforced by this strategic partnership. Such investments in renewable energy enhance the beverage can's appeal and strengthen AMP's competitive position in an environmentally conscious market. This move aligns with global trends towards decarbonization and sustainable practices.
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