
PepsiCo will purchase energy from the Haystack and Western Trail wind projects, currently under construction and expected online later this year. Pictured is the Amazon Wind, one of Ørsted's wind farms in Texas. (Source: Orsted)
PepsiCo Inc. has signed two agreements with Ørsted on Jan. 14 to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas.
“We’re excited to partner with PepsiCo in their efforts to decarbonize their operations,” Vishal Kapadia, senior vice president and chief commercial officer for Ørsted Onshore, said. “These PPAs at Western Trail and Haystack are another demonstration of our ability to provide customized solutions across multiple geographies to support achievement of corporate sustainability ambitions.”
“Sourcing renewable electricity is a critical step in our journey to more than double our science-based climate goal, reducing absolute greenhouse gas emissions by more than 40% by 2030 across our value chain, and our pledge to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement,” Roberta Barbieri, vice president of global sustainability at PepsiCo, said. “We’re proud to partner with Ørsted on two new wind projects in Texas and Nebraska this year, which will address nearly a quarter of our total U.S. electricity needs and help grow new renewable energy generation capacity in the country.”
Recommended Reading
Venture Global LNG Files Paperwork for IPO
2024-12-20 - Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
EON Deal Adds Permian Interests, Restructures Balance Sheet
2025-02-11 - EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.