Zelestra’s solar plants will have a combined capacity of 83MW. Credit: Bilanol via Shutterstock.

Sustainable consumer packaging company Graphic Packaging has entered into a virtual power purchase agreement with Zelestra, marking a significant step in its sustainability journey.  

The deal will see Zelestra supply clean energy from two upcoming solar projects in Spain.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Located at José Cabrera and Socovos II, the solar plants will have a combined capacity of 83MW.

The packaging company is anticipating the receipt of guarantees of origin for approximately 86% of the energy output. 

This initiative is poised to contribute substantially to Graphic Packaging’s goal of slashing scope 1 and 2 greenhouse gas (GHG) emissions by 50.4% by 2032, based on 2021 as the baseline year. 

See Also:

As a result of this agreement, the company’s renewable electricity purchases in Europe are set to rise to roughly 70%.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Graphic Packaging International executive vice-president and president Joe Yost said: “This agreement is a testament to Graphic Packaging’s commitment to environmental leadership and represents our largest decarbonisation lever in Europe.

“The long-term contract will create new green electricity capacity in Europe, supporting both our own and our customers’ commitments to reducing GHG emissions. It also demonstrates our promise to becoming better, every day, for our employees, customers, shareholders, and the planet”. 

Schneider Electric is facilitating the agreement between the two parties, offering advisory services and strategy management. 

The partnership is reflective of Zelestra’s commitment to providing customised solutions for its clients on their path to decarbonisation. 

Zelestra CCO Ivan Nieto said: “We are excited about this partnership with Graphic Packaging International to advance our shared values for making decarbonisation a reality, and we are proud to be able to offer our customer a tailored, carbon-free solution to progress its sustainability goals.”