PepsiCo targets 100% renewable power for US operations in 2020

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

January 15 (Renewables Now) - Food and beverage company PepsiCo Inc (NASDAQ:PEP) on Wednesday said it was aiming at using 100% renewable power for its US direct operations this year.

In 2020, the company's portfolio of solutions to achieve its target will include more renewable energy certificates, but it will gradually shift toward power purchase agreements (PPAs) and virtual PPAs by 2025.

In addition, PepsiCo continues to grow its onsite renewable power generation, including the recently installed solar panels at its global headquarters in Purchase, New York.

Switching to renewable power in the US in 2020 is expected to result in a 20% decline in company-wide direct operations greenhouse gas emissions compared to a 2015 baseline, according to the statement. PepsiCo is aiming to cut absolute greenhouse gas emissions across its global value chain by 20% by 2030, compared with 2015.

PepsiCo's direct operations in nine European countries already use renewable sources to supply 100% of their power needs.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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